A spacious, 2 bedroom balcony apartment (933 sq ft) situated on the 11th floor of a purpose built block with spectacular views of the River Ouse and Bedford town centre. The property will benefit from cosmetic refurbishment and is vacant.

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Description/Location

Located in Riverside Towers above the Bedford Mercure hotel, the communal entrance is located on the side of the building facing the river. The property offers immediate access to the town centre and is within easy reach of the mainline station for fast and frequent services to the capital. Garage space 9 in the lower ground floor parking area is included in the sale. We estimate the current rental value of the apartment is £13,200 pa, we believe there is an opportunity for enhanced returns via short terms lets / Airbnb. The main bedroom could be partitioned to create a 3 bedroom layout.

Tenure

Leasehold: The flat and garage space are held on separate leases for the same term - 99 years from 01/11/1967 (both 43 years unexpired).
Energy Rating: E

Local Authority

Bedford Borough Council 01234 267422

Viewing

Please contact Lane & Holmes Network Auctions on 01234 327744

Accommodation

Eleventh Floor: Lift and stairs to all floors. Front door to entrance hall, sitting room with far reaching views and balcony, kitchen, 2 bedrooms, bathroom.

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*Guide Price & Reserves

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

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.