A large, 3 storey freehold building (1367 sq ft, source EPC) arranged as 1 x 1 bedroom flat (vacant) and 1 x 2 bedroom duplex (let). The property is well presented and retains a wealth of character features. Development potential.
Conveniently situated close to the town centre and Musgrove Park Hospital. Formerly used as a restaurant with a large flat above, the property is now arranged as 2 self contained flats. The ground floor has an open plan layout but could easily be partitioned to create a double bedroom and separate living and dining areas. The upper flat is let on an AST, there are no arrears of rent. The seller will serve a S21 Notice on the tenant in November 2023. The property could easily be used as a fine, 4 bedroom character house. Alternatively, there is potential for conversion to an HMO or a variety of commercial uses subject to the necessary consents. We estimate the current rental value of the flats at - GF £700 - £750 pm, FF/2F - £900 - £950 pm, equivalent to £19,200 - £20,400 pa.
Energy Ratings: GF - D, FF/2F - E.
Council Tax Band - Single dwelling B, upper flat A.
Please contact Gibbins Richards on 01823 332828.
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*Guide Price & Reserves
Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.
The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 inc VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.