Lot 11 - 12 Rosehip Way, Lychpit, Basingstoke, Hampshire, RG24 8SW

  • Unconditional Online Auction Sale
  • Guide Price* : £75,000

Vacant ground floor studio apartment - potential approx. 10% gross yield per annum


Description

FOR SALE BY ONLINE AUCTION - 6 WEEKS' COMPLETION - A vacant ground floor studio apartment requiring minor improvement. Located in a popular residential development close to the town centre. Estimated monthly rental in the region of £625 pcm equivalent to a 10% gross yield per annum.

Auction date
To be sold by online auction on Friday 25th February 2022, bidding will open at 10.00.

To view
Viewings by appointment only, please call 01344 753 120 to book an appointment at the following times: * Wednesday 09 February at 12.00* Wednesday 16 February at 12.00* Wednesday 23 February at 12.00 *

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Location
* Lychpit area * Good access to town centre and Festival Place shopping centre * Mainline rail service to London Waterloo * M3 access at junctions 6 & 7

Description
* Studio apartment * Ground floor * Cash buyers only * Good investment potential

Accommodation
Living room/bedroom, kitchen area, inner lobby with basin, bathroom.

Outside
Communal gardens, residents parking.

EPC rating
D

Tenure
Leasehold with vacant possession

Lease
Term 120 years from 25th September 1982 - 80 years remaining. Ground rent approximately £68 per annum, service charge approximately £200 per annum.

Local authority
Basingstoke and Deane Borough Council - 01256 844 844

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

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

Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

* 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.

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Office Contact

01344 753120

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