2 bedroom flat for sale

* For sale by online auction * Pre-Auction offers considered *

A perfect investment opportunity for a landlord or a great option for first-time buyers wanting to join the property ladder!!

Perfect for a first-time buyer or investor, this lovely two-bedroom apartment located in the popular area of Pillowell Drive, benefits from a quiet third-floor location (with lift access), away from the hustle and bustle as well as being a short walking distance from Gloucester Royal Hospital & Gloucester Quays and City Centre; whilst also benefiting from the proximity of easy access to railway lines and bus routes.

This beautifully presented apartment boasts an open-plan kitchen and living space with a perfectly appointed dining space.

A large double bedroom with an ensuite is accompanied by a second double bedroom and a family bathroom with a shower over the bath. The apartment also includes a garage.

The property is located close within walking distance (5mins) of Gloucester Royal Hospital, Gloucester City Centre, and the train station as well as motorway links to both Cheltenham and Bristol. 

ADDITIONAL INFOMATION:

Floor Area: 69sqm
Rental value: £11,880 per annum (circa £990 pcm)
Electric Heating throughout
Buiding built: 2002
Tenure: Leasehold
EPC: Rating C
Council Tax Band: B
Leasehold information: 999 years from 1 January 2002 (977 years remaining)
Service Charge Annually = £1248 per annum (£104 pcm)
Ground Rent Annually = £150 per annum

Buyers Fee Applies
Auction Pack Available On Request
Auction Date – Tuesday 28th January 2025  

Modern T's & C's

This property is for sale via 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 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 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 SALE 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 the guide price.