FLAT FOR INVESTMENT

A fantastic investment opportunity to acquire this spacious first floor studio flat that forms part of this period mid-terrace three storey property.

The property, which is located in the heart of this vibrant town centre, provides easy access to a wide range of amenities and facilities, train station, schools and bus routes.

Naturally this type of investment will appeal to either the investor landlord, owner-occupiers for when vacant possession or others may look at the potential for post-letting improvement works and onwards sale.

TENURE
Leasehold. Remainder of a 125 year lease - please refer to auction legal pack for further information.

TENANCY
Let on an assured shorthold tenancy with current rents reserved of £522.50 per calendar month. Ground rent is £50 per year and the maintenance charge is approximately £400 per year (please refer to auction legal pack for further information).

EPC
Rating; E.

Communal entrance, stairs rise to upper floors.
First floor; Communal landing with fire escape leading to rear alley. Private flat entrance; hallway, kitchen, bed/living room, shower room/WC.

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions.All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.