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The Cedars and The Elms at Pondsmead Nursing Home, Bath Road, Oakhill, Radstock, Somerset, BA3 5HT

  • Auction
  • Lot 20A
  • United Kingdom
  • Apartments (Multiple)
  • Residential

*GUIDE PRICE £700,000

Addendum

Prospective bidders should note that 1 The Cedars has been vacated since marketing commenced, therefore the property is now subject to 7 x tenancies with 1x unit vacant. The total current gross rents reserved are therefore £49,740 p.a. (equivalent). The below particulars have been amended to reflect this.

Property Summary

  • A multi-unit residential investment arranged over two detached buildings.
  • Comprising 4 x two bedroom self-contained flats & 4 x two bedroom self-contained maisonettes.
  • Subject to 7 x assured shorthold tenancies (AST).
  • 1 x maisonette vacant.
  • Situated in the grounds of Pondsmead Nursing Home.
  • Allocated & visitor parking.
  • Total current gross rents reserved £49,740 p.a. (equivalent).

Contact Us

Richard O'Neill
Richard O'Neill
Property Agent, here to help.
John Duffy
Vendor's Solicitor

Contact Us

Richard O'Neill
Richard O'Neill
Property Agent, here to help.
John Duffy
Vendor's Solicitor

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Description

The Lot is arranged across two detached buildings. The first building "The Cedars" is arranged over ground and first floors and comprises 4 x two bedroom self-contained maisonettes. The second building "The Elms" is arranged over ground floor only and comprises 4 x two bedroom self-contained flats. A schedule of accommodation is set out below:

Location

  • Introduction: A Somerset town.
  • Population: 5,600 (2011 Census).
  • Situated: Bath 7.8 miles north east, Bristol 14.9 miles north west, Taunton 38 miles, south west.
  • Roads: A37, A39.

Tenure

Long leasehold. The property is held under a term of 999 years from 25th November 1998 at a peppercorn ground rent.

Property Table

Unit Accommodation Terms of Tenancy Current Rent Reserved £ p.a.
    Total  £49,740 p.a. (equivalent)
The Cedars 1

Ground Floor: Reception room, bedroom, bathroom, kitchen, bathroom, conservatory. 

First Floor: Master bedroom with ensuite

Vacant  -
The Cedars 2

Ground Floor: Reception room, bedroom, bathroom, kitchen, bathroom, conservatory. 

First Floor: Master bedroom with ensuite

An AST from 11.12.2009 (presently holding over) £7,500 p.a. (equivalent)
The Cedars 3

Ground Floor: Reception room, bedroom, bathroom, kitchen, bathroom, conservatory. 

First Floor: Master bedroom with ensuite

An AST from 28.04.2011 (presently holding over) £7,800 p.a. (equivalent)
The Cedars 4

Ground Floor: Reception room, bedroom, bathroom, kitchen, bathroom, conservatory. 

First Floor: Master bedroom with ensuite

An AST from 15.01.2016 (presently holding over) £7,800 p.a. (equivalent)
The Elms 1 Reception room, two bedrooms, kitchen, bathroom An AST from 06.12.2010 (presently holding over)  £6,480 p.a. (equivalent)
The Elms 2 Reception room, two bedrooms, kitchen, bathroom A 12 month fixed term AST from 08.08.2017 £7,200 p.a. (equivalent)
The Elms 3 Reception room, two bedrooms, kitchen, bathroom An AST from 23.03.2016 (presently holding over) £6,480 p.a. (equivalent)
The Elms 4 Reception room, two bedrooms, kitchen, bathroom An AST from 15.01.2016 (presently holding over).  £6,480 p.a. (equivalent)

 

 

NB: The property was not internally inspected by BidX1. 

VAT

We are informed that VAT is applicable to a portion of the upper floors, please refer to the legal documents for further information.

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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