Fore Street, Chard, Somerset, TA20

For Sale Guide Price £180,000
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Key Features

Unique investment opportunity
Excellent rental return
3 apartments on separate titles

About This Property

For sale by Auction on Tuesday 28th February 2023 at 2pm at The Shrubbery Hotel, Ilminster.
A rare opportunity to purchase a portfolio of 3 apartments all under one roof with the potential to produce an impressive rental return. No onward chain.

Coming to the market for the first time on over a decade this apartment block offers a unique investment opportunity combined with an excellent rental return. The properties are currently arranged as a ground floor apartment, first floor apartment and second/third floor maisonette. Each of the 3 apartments are on a separate title and a management company has been set up to deal with the freehold. The vendor wishes to sell as a portfolio.
The properties have all been continuously rented since their conversion but now come with vacant possession and ready to rent.
The properties have been recently rented for £500pcm (44 Fore Street), £525pcm (44A Fore Street) and £575pcm (44B Fore Street).

The freehold is also included on a separate title.


METHOD OF SALE
The property will be offered for sale via in room and online livestream auction on Tuesday 28th February 2023 at 2pm at The Shrubbery Hotel, Station Road, Ilminster TA19 9AR. https://www.gth.net/auctions/auction-room-andlivestream-auctions.It is possible the property may be sold prior to the auction date therefore it is advisable for interested parties to register their interest with the Agents and it is their responsibility to check with the Agents whether the property will still be offered on the auction date.

AUCTION PACK
The Auction Pack, containing the contract and special conditions of sale, should be obtained online. https://auctioneertemplates.eigroup.co.uk/futureauctions.aspx?a=1110&c=gtn These documents will not be read at the time of sale and all prospective purchasers will be deemed to have bid for the property in full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.

BUYER’S ADMINISTRATION FEE
The successful purchaser(s) will be liable to pay a Buyer’s Administration Fee based upon the eventual sale price to the selling Agents. See our Terms & Conditions for Livestream and In Room Auctions for further details.

BIDDER REGISTRATION
All potential bidders are required to register their details with Greenslade Taylor Hunt prior to the commencement of the auction by completing our online bidder registration. Further details are available from the Agents upon request. https://www.gth.net/auctions/auction-room-and-livestream-auctions

CONSUMER PROTECTION REGULATIONS
While we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.



GUIDE PRICE
An indication of the seller’s current minimum price at auction. The guide price of range or guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

CONDITIONS OF SALE
If you are the successful Buyer you will - from the moment the Auctioneer's gavel falls - become legally bound by the Conditions of Sale in relation to that Lot. Further details are available from the Agent. It will be assumed that you have read and considered the Conditions of Sale and any other relevant documents for the Lot (s) you are interested in before the day of the Auction, that you have shown them to your professional advisors and taken their professional advice before bidding. All buyers will be deemed to fully understand what they may be liable for if successful in purchasing. This should also include Stamp Duty Land Tax, Land Registry fees and VAT which may become payable on completion. If a potential purchaser is in any doubt they should seek advice from their own professional advisors.

The properties are very conveniently located in the town centre and within easy level walking distance of all amenities. Chard is well served with a choice of major supermarkets, smaller retailers, educational and leisure facilities whilst the County Town of Taunton is just 14 miles to the North. The World Heritage Jurassic Coast is a similar distance to the South at Lyme Regis.
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Contact Chard Residential Sales

1 High Street Somerset Chard TA20 1QF

Meet your Agent

James P Waterman Associate  Full Bio 01460 238382 -
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