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ONLINE AUCTION from 29th AUGUST - 31st AUGUST
A ground floor flat in the popular seaside town of Tenby. The flat provides a lounge, kitchen, bathroom and bedroom plus off road parking. The flat is currently being rented out as a holiday let and would therefore make a great investment or holiday home. The vendor informs us that the property meets the criteria for small business rate relief (see legal pack) The property is to be sold with vacant possession. We anticipate a rental of approximately £795pcm.
Tenby in southwest Wales is an extremely popular holiday destination with its harbour town and beach – it is known for its 13th-century town walls and its stretches of sandy shoreline, including Castle Beach. The ruins of Tenby Castle are on a headland overlooking the harbour.
Ground Floor: Lounge, kitchen, bedroom, bathroom
Outside: Off road parking
To be sold with vacant possession
Advised Leasehold - To be verified by a solicitor
Length of Lease: 999 years from1989
Annual Ground Rent: £90
Annual service Charge £580
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
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