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No longer on the market

This property is no longer on the market

1 bedroom apartment

Virtual tour
Auction
Apartment
1 bed
1 bath
495 sq ft / 46 sq m
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 107 yrs left
Ground rent£250 per annum | review period: unconfirmed
Council taxBand C
BroadbandUltra-fast 330Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (107 years remaining)
  • For sale by online auction
  • 6 weeks’ completion
  • Top floor apartment
  • 1 bedroom
  • Requires refurbishment
  • Vacant leasehold

Video tours

Discover this well-presented 1 bedroom apartment with allocated parking, a fantastic opportunity for both investors and owner occupiers. Situated in a sought-after elevated development off Station Road, this property combines modern living with exceptional outdoor space, featuring a rare south-facing private roof terrace, and is accessed via a secure gated entrance conveniently located next to Pomeroys.

The property previously had a rental income of £925 PCM (£11,100 per annum), providing a gross rental return of approximately 9.25% based on the Guide Price. This makes it an ideal investment with immediate returns.

Rooms

Auction
To be sold by online auction (unconditional) on Thursday 30th January 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Leasehold with vacant possession

Lease
125 years from 5 October 2007 - 107 years remaining..

Tenancies
Currently let on an AST for £925 PCM with tenant vacating on 26th February 2025.

Ground rent and service charge
We have been advised that the service charge is £176.56 per month and £250.00 ground rent per annum. Please see legal pack for further details.

EPC rating
C

Council tax band
C - Warwick

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.

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About this agent

Leaders - Kenilworth
Leaders - Kenilworth
1 Warwick Road Kenilworth CV8 1HD
01926 566367
Full profileProperty listings
With a network of over 120 branches, Leaders provides its customers and clients with a comprehensive range of property services including: residential sales,
lettings and property management, financial advice, conveyancing, surveys and valuations and land and new homes, meaning our clients and customers can
achieve all their property solutions 'Under One Roof'.
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