Terraced house for sale in Comfortable Place, Kingsmead, Bath BA1

Freehold residential investment - let producing £45,300 pa
A superb opportunity to purchase a substantial four storey mid-terraced period property comprising a self-contained lower ground floor garden flat with a 5-bedroom student let arranged over the ground and upper floors. The property is fully-let producing £45,300 per annum, which represents an attractive and high-yielding investment. Situated on the A4 leading into Bath, the property is ideally located for access into Bath's historic city centre making resulting in high demand from both professional and student tenants.

For Sale By Auction

This property is due to feature in our online auction on 19 September 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings

By appointment.

Summary

Four storey freehold residential investment - let producing £45,300 pa

Description

A superb opportunity to purchase a substantial four storey mid-terraced period property comprising a self-contained lower ground floor garden flat with a 5-bedroom student let arranged over the ground and upper floors. The property is fully-let producing £45,300 per annum, which represents an attractive and high-yielding investment. Situated on the A4 leading into Bath, the property is ideally located for access into Bath's historic city centre making resulting in high demand from both professional and student tenants.

Location

The property is situated in a highly convenient location on the A4 leading into Bath. Royal Victoria Park is located directly opposite and Bath city centre is just a short walk away where you'll find a wide array of restaurants, shops, and cultural attractions such as the Thermae Bath Spa, the Theatre Royal, and the Roman Baths.

Accommodation

Please refer to floorplan for approximate room measurements and internal layout.

Garden Flat

The self-contained studio flat is accessed via a private courtyard garden at the rear of the building and comprises an entrance hall, living/bedroom, kitchen and bathroom.

Student Maisonette

The maisonette comprises an entrance hall, two double bedrooms and a shower room on the ground floor, an open-plan kitchen/living room and a double bedroom on the first floor and two further double bedrooms and a shower room on the second floor.

Tenancy Details

The property is let on two separate Assured Shorthold Tenancy agreements as follows:

Garden Flat, 4 Comfortable Place: £875 pcm (from 22 January 2024)
4 Comfortable Place: £2,900 pcm (16 July 2024 - 30 June 2025)

total income: £3,775 pcm (£45,300 per annum)

Tenure

The property is for sale on a freehold basis, subject to the existing ASTs detailed above.

Adjoining Building

Please note that the adjoining property (5 Comfortable Place) is available as a separate lot in the same auction. Offers prior to auction for both buildings will be considered.

Completion

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

Hmo Licensing & Planning

HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.

Energy Performance Certificate (Epc) Ratings

Garden Flat, 4 Comfortable Place - C
4 Comfortable Place - E

Auction Or Bridging Finance Required?

Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email

Buyer's Premium

Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.

*Guide Price

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. Each property will be offered subject to Reserve Price (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.

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.

Proxy, Telephone & Online Remote Bidding

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, id (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

Preliminary Deposits

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £150,000: £5,000
£151,000 and above: £10,000

If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

Rental Estimates

All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.