Lot 45 - Flat 1 & 2 Canberra House, New Road, Coalway, Coleford, Gloucestershire, GL16 7JA
Lot 45 - Flat 1 & 2 Canberra House, New Road, Coalway, Coleford, Gloucestershire, GL16 7JA
Addendum
This lot has been withdrawn from auction but is being sold as Lot 105 as 4 flats.
Guide Price* : £115,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 45 - Two Flats for Occupation/Investment
Description
ONLINE AUCTION from 4th FEBRUARY-6th FEBRUARY
A two storey building comprising two self-contained, vacant flats. When fully let, the property is anticipated to generate a combined rental income of £1,200 per month.
Situated in the Forest of Dean, Canberra House on New Road in Coalway is within close proximity local amenities. Coalway and nearby Coleford offer a range of shops, cafes, schools, and essential services.
There are convenient road connections to Gloucester, Monmouth, and Chepstow, the property is well positioned for commuting. Additionally, nearby attractions include Puzzlewood, Clearwell Caves, and the historic Tintern Abbey.
Flat 1 is anticipated to achieve a monthly rental of £600 per month when tenanted.
Flat 2 is anticipated to achieve a monthly rental of £600 per a month when tenanted.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
VIRTUAL TOUR
Accommodation
Ground Floor Flat 1: kitchen, living room, bathroom, 2 bedrooms, accessed to the rear of the property
First Floor Flat 2: storage cupboard to the ground floor, kitchen, living room, bathroom, 2 bedrooms
Tenancies
To be sold with vacant possession
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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.
Guide Price* : £115,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 45 - Two Flats for Occupation/Investment
Viewing
Paul Fosh Auctions
Joint Agent
Toombs & Toombs Property Consultants
Office Contact
Debra Bisley
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.