South coast lot adds to reach of Bond Wolfe Auctions
The growing reach of West Midlands-based Bond Wolfe Auctions has been underlined by a property from the south coast in the Isle of Wight, which is featured in its upcoming remote bidding auction on Wednesday 16 September.
It offers investors a rare opportunity to secure a three bedroom, detached house on the south coast in Ventnor, producing an income from a tenant, with a guide price* of just £91,000.
Its inclusion in the online auction, on Wednesday 16 September, is testament to the growing reputation of Bond Wolfe Auctions to achieve successful sales for a broad range of properties, both commercial and residential.
Following the success of its most recent event in July – when the auction achieved a 95% success rate that saw 161 out of 170 lots sold, raising over £16.3 million – the sale this month will be the largest-ever livestreamed auction to be held in the UK and starts at the earlier time of 9am to accommodate the 214 lots, with potential buyers bidding by proxy, telephone or internet only.
It is set to attract a wide range of bidders including property investors keen to expand their portfolios. The house at 9 Newport Road, Ventnor, is listed as a residential investment property and currently produces a gross income of £14,400 per annum.
The detached property is just a short walk from Ventnor town centre with spectacular sea views. The house comprises a hall, reception room, dining kitchen, utility room and bathroom with WC on the ground floor. There are three bedrooms on the first floor while outside the house has a front decking and garden area.
The majority of the windows are UPVC double glazed units and the property has an electric wet central heating system.
Ian Tudor, managing director at Bond Wolfe Auctions, said: “We understand that the property is let, subject to an Assured Shorthold Tenancy, at a rental figure of £1,200 per calendar month – £14,400 per annum.
“This makes the guide price particularly attractive for potential investors and we expect considerable interest.”
Many of the properties featured in the sale have a virtual tour available, and more details are available at www.bondwolfeauctions.com
Anyone interested in the auctions or with properties for sale in future auctions should contact firstname.lastname@example.org or call 0121 312 1212.