1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (975 years remaining)
- Investment opportunity to acquire ten flats situated in a sought-after apartment complex.
- Portfolio of 10 flats comprising 1,2 & 3 beds at £65,000 each.
- Large underground car park.
- Located in the heart of Swindon.
- To be offered for sale via Knight Frank Auction on Thursday 11th July (unless sold prior).
Description
The Plaza is a mixed-use building, positioned on the corner of Sanford Street and Edgeware Road, just a nine-minute walk from Swindon Train Station.
The opportunity comprises ten flats in total: 3 x 1-bedroom, 5 x 2-bedroom and 2 x 3-bedroom, totalling approximately 8,688 sqft GIA. The flats are currently generating £112,080 per annum, with one flat vacant.
Each flat is held on a lease for a term of 999 years from 01/01/2000 paying a current ground rent of £150 pa.
All but one of the flats has a secure underground parking space and four of the flats benefit from balconies, while all have access to the communal garden.
The communal entrance is positioned on Sanford Street and leads directly through to the communal garden which sits to the rear of the building.
The large underground car park is also accessed off Sanford Street via electric gates.
The apartment complex is split into several individual blocks with an enclosed communal courtyard that is partially landscaped. Each block is serviced by a lift and there is also an on-site caretaker between Monday and Friday.
Open House Viewings:
Wednesday 26th June - 10:00am - 12:00pm midday
Saturday 29th June - 10:00am - 12:00pm midday
Wednesday 3rd July - 10:00am - 12:00pm midday
Saturday 6th July - 10:00am - 12:00pm midday
Please arrive at the start time
Location
The Plaza is conveniently positioned for access to all central amenities, with the main high street and the Brunel Shopping Centre just a few minutes' walk from the property, boasting a wide variety of shops, restaurants and cafes. The McArthur Glen Swindon Designer Outlet Shopping Centre is also a fifteen-minute walk away and is a popular shopping destination offering discounts on over 100 designer retailers.
The property is well connected by road networks, with the M4 just a couple of miles south, connecting to Bristol in approximately 45 minutes, and the A420 just to the north, offering direct access to Oxford in under an hour.
Swindon (Wilts) train station offers convenient access to the rest of the UK via rail, with services running daily to London Paddington (direct) is as little as 46 minutes, Oxford in 36 minutes, Bath Spa in 22 minutes and Bristol Temple Meads in 37 minutes.
Occupancy
Tenanted
Tenure
Freehold
Buyers Fee
The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Places of interest
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Property reference 252128. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank - Auctions.
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Broadband availability and predicted speed: obtained from Ofcom on December 18, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 2, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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