Lot 50 - Kenley House, 68 High Street, Cinderford, GL14 2SZ

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000+
  • Bedrooms: 1

Residential Investment

Description

ONLINE AUCTION from 8th JUNE-10th JUNE

Four self contained one bedroom flats, all of which are tenanted and are generating a total income of £18,920 pa. The flats are located in Kenley House which is a purpose built apartment block in Cinderford. The property is within walking distance of the town centre and is approximately 14 miles from Monmouth and 16 miles from Cheltenham. There is good access to the motorway network via the M50 at Ross on Wye.

The building is a purpose built, two storey apartment block with parking to the rear and comprises of rendered block work elevations with double glazed UPVC windows. We have been advised that the property is connected to water, drainage and electricity (not tested).

This property would be ideal for anyone wishing to expand their rental portfolio.

*Please note that the photos contained within this listing are for a flat that was recently refurbished. We are unaware of the interior condition of the remaining three flats although the landlord has advised that they have not been made aware of any issues.

Accommodation

*Please note that the auction house has not inspected the property internally*;

Column 1 Column 2 Column 3
Flat Description Rent
Flat 3 Lounge, kitchenette, bedroom, bathroom £4,680 pa
Flat 4 Lounge, kitchenette, bedroom, bathroom £4,776 pa
Flat 5 Lounge, kitchenette, bedroom, bathroom £4,784 pa
Flat 6 Lounge, kitchenette, bedroom, bathroom £4,680 pa
Total £18,920 pa

Outside: Parking to rear

Tenancies

All flats are fully tenanted

Tenure

Advised Freehold - to be verified by solicitor
Each individual flat is leasehold on a 999 year lease from 2003

Auction Fees And Additional Costs

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 £975) 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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