Studio for sale

Castlemoat Place, Taunton TA1

Summary
Available with the advantage of a tenant-in-situ this impressive first floor studio apartment with modern fittings and a leafy edge of town centre location provides an excellent gross rental yield of 17%

description
A superb buy-to-let investment opportunity, in an enviable town centre location within a lovely leafy setting this fantastic first-floor studio apartment with modern fittings and tenant in situ, at £710 pcm, provides a gross rental yield of 17% (9.4% net yield after ground rent and service charge fees, which is also understood to include utilities, including water and electricity).

Facing inwards from Corporation Street and enjoying full-length double-glazed windows and sliding doors which open out onto a communal roof terrace where ambient views can be enjoyed. The open-plan studio apartment enjoys modern fittings including an 'l'-shaped kitchen worktop and corner shower room, including wash hand basin, low-level WC, and corner shower cubicle.

Please feel free to contact the sales or lettings team for further information.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lettings
For any advice on this property or any other investment opportunities, please contact our experienced lettings team, who aim to get the best tenants at the best price.

Our comprehensive and competitive management and lettings services can be tailored to fit your needs.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.