Guide price
£100,000
1 bed flat for saleHarden Road, Bristol BS14
1 bed
1 bath
1 reception
EPC Rating: D
- Chain free
- Auction
- Leasehold
Andrews - Keynsham
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About this property
One bedroom
No onward chain
Ideal for investors
This one bedroom flat situated above shops in Harden Road offers an ideal opportunity for buy to let investors to acquire a conveniently situated property with electric heating and extensively double glazed. The property is approached from a parking area to the rear of the shops by an external staircase with a front door leading to an entrance hall from which doors lead off to the sitting room, from which the kitchen is accessed and a double bedroom and bathroom. The property has been previously let and has the potential to achieve £650 pcm. It is currently vacant.
Tenure - The property is leasehold and we understand is being sold with a new 125 year lease. The ground rent is £50 per annum up to 24th December 2048 and then £75 per annum to 24th December 2081 and the £100 per annum thereafter. We are informed the service charge is only paid when there are repairs to be done. The landlord insures the building and the lease owner pays any premiums due.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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More information
Tenure
Leasehold (124 years)
Service charge
Council tax band
A band has not yet been confirmed.
Ground rent
£50
Ground rent date of next review