Loxleigh Avenue, Bridgwater, TA6

Description

A neatly presented mid-terrace dwelling providing well-proportioned residential accommodation. Bridgwater has exceptional demand for residential lets, due in part to the construction of Hinkley Point C and the accommodation required for the workforce. The property offers an ideal investment opportunity or alternatively would suit a family home.

The internal accommodation is set over ground, first and second floors and was previously used as a House in Multiple Occupancy (HMO) with four let rooms and one communal lounge. Subject to obtaining the appropriate HMO licence to allow the occupancy of all five rooms, we anticipate an achievable rent of at least £135 per week exc. for each let room i.e. Gross Rent of at least £35,000 exc. per annum.

The property benefits from a rear garden, which is laid to lawn and gravel and includes a very useful storage shed (3.85m x 2.82m) constructed of box profile clad. There is no off-road parking, but ample on-street parking is available via the adjacent highway.

Completion
Completion has been set for 12th September 2024, or earlier by agreement.

Registering to bid and Administration fee
Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1350 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit
Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Local Council: Somerset Council
Telephone: 0300 303 8588

Council Tax Band: Band B

Services: We understand mains water, electricity, gas and drainage are connected. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with vacant possession.

VAT: The purchase price is not subject to VAT.

Viewing: Strictly via Cooper and Tanner, Glastonbury office – 01458 834288 (Option 2).

Please phone to book on block viewing dates:

Wednesday 17th July 2024 – 9:30am to 11:00am

Wednesday 31th July 2024 – 9:30am to 11:00am

Wednesday 7th August 2024 – 9:30am to 11:00am

Solicitors

Weisberg Legal, Bath

Telephone: 01225 422466

Mr Kieran Weisberg acting.