* Leasehold
* Guide Price £90, 000
* Allocated Parking Space
* Centrally Located Modern Apartment
* Tenant in situ - £850pcm
* Gross Yield over 9% based on the guide
* Cash Buyers Only
* Buyers Fee Applies
* Post Auction Offers Invited
* Auction Pack Available On Request
**Guide Price £90, 000+**Cash buyers only**
Modern one - bedroom apartment located on the Seventh floor located near East
Cliff. The property comprises of a kitchen/lounge, bathroom and double bedroom
with far reaching views across Bournemouth. Property will make an ideal
investment property with a gross yield of over 9% based on the guide.
Tenant in situ
Rented out at £850 Per Month
The property comes with a long lease circa 118 years.
Annual maintenance is currently £2, 360. 80 per year with £195 per year Ground
Rent.
Cladding remediation works are required to the building in line with fire
safety regulations, an application for funding under the 'Building Safety
Fund' has been lodged and has met the eligibility criteria and costs have been
submitted for review. Building is over 11m.
Please note there is a connection to the directors of Whoobid.
This property is for sale via Online Auction. This is a modern twist on the
traditional auction room sale where buyers can bid for the property via an
online platform. The auction will run for 3 hours on a set date and time
chosen by the vendor of the property. The winning bidder, assuming the reserve
is met, is legally bound to exchange on the property and pay a 10% deposit
similar to a traditional auction house sale and they will have 28 days to
complete, please check the legal paperwork to confirm deposit amount. Upon
completion of a successful auction the winning bidder will be required to pay
a non - refundable reservation fee of 3% inclusive of VAT of the winning bid in
addition to the purchase price subject to a minimum fee of £4, 800 inclusive of
VAT. The auction is powered and carried out by Whoobid and is subject to terms
& conditions which will form part of the auction pack which will be available
to download for free once produced by the vendors legal representatives. We
strongly recommend that you review the legal documents prior to bidding and
seek legal advice. Please remember that the reservation fees are payable in
addition to the sale price. Fees paid to the auctioneer may be considered as
part of the chargeable consideration and may attract stamp duty liability.
Bidders will be required to register in order to download the 'legal pack', if
you choose to bid on the property, you will be required to complete further
identity checks for anti - money laundering purposes and provide card details
before you are able to place a bid. Properties may be sold prior to public
auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller's minimum expectations at
auction and is not necessarily the figure the property will achieve but acts
as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this
figure is not achieved during the auction, then the property will not be sold.
In normal circumstances the reserve price should be no more than 10% above the
guide price.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: