Under Offer
Guide Price £350,000

10 bed house for sale in Westby Road, Bournemouth, BH5 (ref: 262457)

Shortlist

Key Features

  • Needs Updating
  • Close To Shops
  • Close to Blue Flag Beaches
  • Investment Opportunity
  • Guest House
  • For Sale By Auction
  • Auction Pack Available On Request
  • Mortgage Buyers Welcome
  • Buyers Fee Applies

Video

Offered for Sale by AUCTION AT A GUIDE PRICE OF £350,000 on 23rd June at 16:00.

PLEASE CONTACT THE AUCTIONEER FOR MORE INFORMATION AND SEE TERMS BELOW...0800 038 5996

Foxes are delighted to be instructed on this 10 bedroom guest house located just a 10 minute walk from the Blue Flag beaches at Boscombe Pier. Boscombe High Street is a 7 minute walk away in the opposite direction offering a wide selection of shops, bars and restaurants (times and distances according to Google Maps).

This property has a great deal of potential with the prospect of excellent returns in the serviced accommodation market. Similar local businesses have made excellent returns using AirBnB or similar platforms, especially in the current climate with many people preferring to holiday within the UK rather than travel abroad.

The seller has owned the property for over thirty years and is selling due to retirement.

The accommodation is over three floors and many of the bedrooms have en-suite facilities, whilst others share bathrooms. There is a galley kitchen on the ground floor alongside a living room and overlooking the garden is a sun room.

Outside there is a car park at the front with parking for a number of cars. the rear garden is relatively low maintenance and has a storage room located to the rear of the plot.

AUCTION TERMS:

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 ASKING 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.

Stamp Duty Due

Based on a sale price of £350,000 the total amount of stamp duty payable will be:

*

Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

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Further Details

  • Status: Under Offer
  • Reference: 262457

Location

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