Lot 89 - 75 High Street, Cinderford, Gloucestershire, GL14 2SU

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Lot 89 - 75 High Street, Cinderford, Gloucestershire, GL14 2SU

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Guide Price* : £650,000 +

  • Unconditional Online Auction Sale
  • 9 Bedrooms

Lot 89 - Investment Opportunity

Description

ONLINE AUCTION from 19th MAY - 21st MAY

An excellent investment opportunity comprising two detached properties, ideally suited to a landlord looking to expand their portfolio. The buildings are prominently situated in the centre of Cinderford, opposite Lidl.

75 High Street, Cinderford
Comprising 5 one-bedroom flats, currently all vacant. The estimated rental income is £600 per flat per calendar month, giving a potential gross annual income of £36,000.

1 Mountjoys Lane, Cinderford
Comprising 2 one-bedroom flats and 1 two-bedroom flat, all offered with vacant possession. The estimated rental income is £600 per calendar month for the one-bedroom flats and £800 per calendar month for the two-bedroom flat, providing a potential gross annual income of £24,000.

Total Potential Income
£60,000 per annum.

Tenancies

The properties are offered with vacant possession and present an ideal opportunity for an investor seeking a strong yielding asset.

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.

Virtual tour

Guide Price* : £650,000 +

  • Unconditional Online Auction Sale
  • 9 Bedrooms

Lot 89 - Investment Opportunity

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Paul Fosh Auctions

01633 254044

Office Contact

James Hollingsworth

jamesh@paulfoshauctions.com 7930173054
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Lot 89 - 75 High Street, Cinderford, Gloucestershire, GL14 2SU

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