Potential rental income: £695 pcm
Potential gross yield - Approx. 9%
Lounge / Kitchen / Diner - 19'5" x 12'5"
Bedroom 1 - 8'8" x 11'1"
Bedroom 2 - 9'2" x 11'1"
The property will, unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. Please contact the Auction Department for details on how to register to bid. The purchaser shall be deemed to bid on those terms whether they have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of an online auction and is being sold as Unconditional with a Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees:
The following deposits and non-refundable auctioneer’s fees apply:
• 10% deposit (subject to a minimum of £2,500)
• Buyer’s Premium of £1194 inc. VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single figure guide. (RICS Common Auction Conditions 4th Edition).
Vendor's Solicitor
Company: Davisons
Address: Estate House, 4 Euston Pl, Leamington Spa, CV32 4LN
Contact: Gary Glover
The property and land are leasehold and vacant possession will be given upon completion which is normally 20 working days after the auction (please refer to the Legal Pack for further details). There are currently 110 years unexpired on the Lease. Annual ground rent: £500, annual service charge: £500
Services: Mains gas, electricity, water and drainage
Council Tax: Local Authority: Wychavon, Band: B
Directions: What Three Words ///crest.parading.galleries
B
19/12/2007
125 years (107 years unexpired)
£500 - reviewed every 25 years
£500
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.