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Guide Price: £300,000.00

Modern Method of Auction

4 Maristow Street , , Westbury , BA13 3DN

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CURRENT BID*

£290,000.00

(Place a bid)

AUCTION CLOSED

Lot Number: 82814831

Property ID: 36429544

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £290,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

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Guide Price

£300,000.00

Method of Auction

Modern

Property Type

Commercial

Number Of Beds

4

Tenure

Freehold Property

Address

4 Maristow Street

Key Features

• Ideal Investment Opportunity
• 12.3% Gross Yield Based On Guide Price
• Block Of Four 1 Bed Apartments
• Commercial Unit Lease For 5 Years From Dec 2021
• Sold With Tenants In Situ
• Buyers Fee Applies
• Pre Auction Offers Considered
• Auction Pack Available On Request

Description

We are delighted to offer for sale this block of four, one bedroom apartments. As well as 1 commercial unit. The properties all have tenants in situ and are being sold by auction.

The properties comprise and benefit from gas central heating, double glazing, shower rooms and kitchens (Flats 3 & 4 share a kitchen).

The current rents achieved are (inclusive of bills - approximately £350pcm):

FLAT 1 RENT- £625 per month
FLAT 2 RENT- £610 per month
FLAT 3 RENT- £525 per month
FLAT 4 RENT- £570 per month

Commercial unit currently has a 5 year lease from December 2021 with a rental income of £750 per month. The commercial tenant pays their own utility bills. Currently 12.3% gross yield based on the guide price.

PROPERTY LOCATION Westbury a small market town, situated at the western edge of Wiltshire beside the chalk down lands that form Salisbury Plain.

The most famous landmark of the area is the vastly impressive Westbury White Horse which is both the oldest and largest White Horse in Wiltshire, making it a delight for both the walker and cyclist and the area also provides the perfect location for air sports.

The town offers a range of shopping and leisure facilities including, library, sports and leisure centre, schools, churches, doctors, dentist surgeries, three supermarkets, post office and the oldest swimming pool in the country. We also have a varied selection of coffee shops, restaurants, public houses and a popular wine bar.

Westbury is exceptionally well positioned for all major road and railway connections with the mainline railway station offering links to London (1 hour 26 minutes), Wales and the whole of the South West of England.

AUCTION INFORMATION This property is offered for sale by the 'modern method of auction' through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property you will be required to complete further identity checks for anti- money laundering purposes, provide card and solicitors details before you are able to place a bid.
Properties may be sold prior to public auction if an offer is accepted by the vendors.


**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.


**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: BA13 3DN

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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