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4 bedroom flat for sale

Bank Street, Melksham, Wiltshire

Guide Price* £165,000

Property Description

Key features

  • FOR SALE BY AUCTION
  • 8th DECEMBER 2016
  • 2 FLATS
  • CURRENTLY TENANTED
  • PRODUCING 12,000 PA
  • TOWN CENTRE
  • CLOSE TO HIGH STREET

Full description

LOT 09
FOR SALE BY AUCTION
THURSDAY 8th DECEMBER AT 7PM - THE CORN EXCHANGE, DEVIZES
GUIDE PRICE £165.000+

Residential investment opportunity comprising of 2 flats currently tenanted and producing a combined £12,000 per annum. Situated in the town centre close to the High Street.

Situation And Description - This residential investment opportunity is situated just off the town centre away from the busy road in the heart of this Wiltshire town. Melksham is an expanding town with a wide range of shops, leisure facilities, junior and senior schools and employment opportunities. It is within easy reach of the larger centres of Bath and Chippenham.

The two storey property which is elevated from the road was recently converted to provide two flats currently let on assured shorthold tenancies. There is courtyard garden space to the front and an enclosed graveled garden to the rear.

The flats are producing a combined income of £1,000 per calendar month which equates to £12,000 per annum. We believe there is potential to improve on these figures in the future.

Accommodation - Ground Floor Flat
Entrance Hall with cupboards.
Kitchen/ Living Room with fitted floor units and wall cupboards, patio door to rear and garden.
Bedroom 1 with bay window.
Bedroom 2
Shower Room with shower cubicle, wash hand basin and W.C.

First Floor Flat
Entrance Hall with cupboard.
Kitchen/ Living Room with fitted floor units and wall cupboards, patio door to rear and garden.
Bedroom 1 with dressing area and bay window.
Bedroom 2
Shower Room with shower cubicle, wash hand basin and W.C.

Legal Pack - You can download the legal packs via our website www.strakers.co.uk and going to the auction home page by using the services heading at the top of the page. Click on the light blue tab under the next auction date displayed on the calendar. This will produce a lot list, select a lot of interest, this pulls up further details on the property - on the right under the photos click View Legal Documents - You will need to sign-up by entering your email address and creating a password the first time but this will stay valid for all of our future auctions. The legal pack may not be available straight away, but as long as you have registered to receive it you will be notified as soon as it is available.

Viewings - To arrange a viewing, contact: Corsham Office 01249 652 717.

Reserve & Guide Price - Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Telephone & Proxy Bidding - If you cannot attend the auction (although we strongly advise you do) you may make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available from the Auctioneers' offices. A completed form and two cheques (one for the 10% deposit (minimum £3,000) and one for the Buyer's Administration Fee of £400 plus VAT) are required by the Auction Department at least two full working days before the auction. Please telephone the AUCTION OFFICE (01249) 765200 to arrange these.

Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representations of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements and distances are approximate only.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
08 November 2016

Map & Street View

Disclaimer - Property reference 26620597. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strakers, Corsham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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 Strakers, Corsham on 01249 712039.


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