Studio flat for saleFlat 1, Lorne Park Road, Bournemouth, Dorset, BH1 1JL
Sold STC £50,000
- First Floor Studio Apartment In Good Condition
- Currently Let On AST At £6,600 PA - 13.2% Yield
- Superb Investment Purchase - Cash Buyers Only
Mondays & Wednesdays 10:00am - 10:40am starting 21st November.
OPEN HOUSE VIEWINGS! Staff will automatically be at the property on the days and times above. Please ensure you arrive promptly at the start time as staff will have to leave sharply at the end of the viewing.
FULL ADDRESS: Flat 1, 39 Lorne Park Road, BH1 1JL
FOR A FULL LIST OF OUR PROPERTIES & LEGAL PACKS, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK
FOR A FULL LIST OF OUR PROPERTIES, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK
First Floor Studio Apartment In Good Condition
Currently Let On AST At £6,600 PA - 13.2% Yield
Superb Investment Purchase - Cash Buyers Only
Location:Lorne Park Road is located immediately north of Old Christchurch Road in the very heart of Bournemouth town centre. The area has a vibrant atmosphere with many bars and restaurants in the immediate vicinity.
Description:This property was fully refurbished approximately two years ago and is presented in very good condition, making a superb investment with an excellent yield return.
Accommodation:GROUND FLOOR: Communal Entrance with Door Entry System, Stairs to all Floors.
FIRST FLOOR: Landing with Door to Flat 1, Entrance Hall, Studio Room with Kitchenette, Shower Room.
Lease Details:The Lease is dated 2nd June 2011 for a term of 99 years commencing from 2nd June 2011.
Tenancy Details:The flat is currently let on a 6 month AST dated 1st August 2015 at £550pcm. A copy of the tenancy agreement will be included in the legal pack and all prospective purchasers are advised to satisfy any enquiries over the status of the tenancy prior to bidding.
IMPORTANT NOTICE: The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if
appropriate the auctioneers may adjust the guide price to reflect this.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Southampton Auctions on 02380 338066.
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