Property for Auction in London - C5 Pine Grange, Bath Road, Bournemouth, Dorset

A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £10,800 Per Annum (Equivalent). The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and six upper floors. The building benefits from a porter. Tenure Leasehold. The property is held on a 250 year lease from 26th June 2005 (thus approximately 230 years unexpired ). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Bournemouth Beach are within easy reach. Transport links are provided by Bournemouth rail station. Accommodation Second Floor Reception Room Kitchen Bedroom Bathroom

G.I.A. Approximately 620 sq ft Exterior The property benefits from underground parking and ANPR controlled parking. Tenancy The property is subject to an Assured Shorthold Tenancy for a term of six months commencing 18th April 2025 at a rent of £900 per calendar month. The vendor has advised the property has an estimated rental value of £15,600 per annum which would reflect a gross initial yield of 12.5%. Energy Efficiency Rating (EPC) Current Rating D Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.