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.
To be sold by online auction on Friday 25th February 2022, bidding will open at 10.00.
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 *
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.
* Lychpit area * Good access to town centre and Festival Place shopping centre * Mainline rail service to London Waterloo * M3 access at junctions 6 & 7
* Studio apartment * Ground floor * Cash buyers only * Good investment potential
Living room/bedroom, kitchen area, inner lobby with basin, bathroom.
Communal gardens, residents parking.
Leasehold with vacant possession
Term 120 years from 25th September 1982 - 80 years remaining. Ground rent approximately £68 per annum, service charge approximately £200 per annum.
Basingstoke and Deane Borough Council - 01256 844 844
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 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.
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.
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.