A well-presented, first-floor studio apartment with 2 allocated parking bays. Forming part of a modern, purpose-built block. Vacant

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Description/Location

The apartment has been maintained to a high standard with upgraded kitchen and bathroom fittings, modern decor and Megaflo hot water cylinder. The lease has been extended and the flat is ready for occupation, we estimate the current rental value is £1000+ pa. The large studio room benefits from 2 windows and could be partitioned with a room divider to provide separate lounge and sleeping areas.

Tenure

Leasehold: Term extended to 31/08/2180 (155 years). Ground rent £0, service charge circa £1600 pa incl water rates.

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Accommodation

First Floor Front door to entrance hall, studio room, kitchen, bathroom. Outside: Attractive communal grounds, 2 x allocated parking bays.

Rent

ERV: £12,000 pa

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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.