1 bedroom flat

MODERN METHOD AUCTION starting bid £190,000 and subject to UNDISCLOSED reserve price. ONLY FOR INVESTORS the property is tenanted with Guaranteed Rental Income till June 2027. (estimated GROSS yield 5.5%) The property is being sold with tenants in situ. Lease remaining has been advised as 115 years. The Service Charge includes gas and water usage - please enquire.

The property is a modern one bedroom apartment approx. 42 sq. meters comprising open plan kitchen/living room, double bedroom with fitted wardrobes, utility cupboard, and tiled bathroom. There is no parking on site, Residents can rent via NCP or other public carparks.

Photos are for illustrative purposes only and are were taken when the property was vacant.

Auctioneer comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. Please view this pack before bidding. The winning bidder will pay £349.00 including VAT for this pack (which you must have viewed before bidding).

The buyer then signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Material information: The information above has been provided by the vendor and may not be accurate. Please refer to the property’s Buyer Information Pack. (You can download this) or speak to the Auction Specialist for the most up to date information.