** INCREDIBLE VALUE ONE BEDROOM FLAT THAT OFFERS UP TO A 20 % NET RENTAL YIELD (BASED ON THE GUIDE PRICE) ** 97 YEAR LEASE ** EXCELLENT HIGH ST LOCATION ** LOCATED IN THE SOUGHT AFTER MARKET TOWN OF BUCKINGHAM **

This incredible value one-bedroom top floor flat is offered for auction with vacant possession and offers the potential for an incredible NET rental yield of up to 20% (based on the guide price). Situated within an attractive Grade II listed building adjacent to the High Street in the historic market town of Buckingham, the property combines character with strong investment appeal. Accommodation comprises communal keypad entry, entrance hall, a spacious 14ft lounge, separate fitted kitchen, bedroom and bathroom. Presented in reasonable decorative order throughout, the flat would make an ideal addition to a landlord’s portfolio or an excellent buy-to-let opportunity. The property also benefits from a lease with approximately 97 years unexpired.

Tenure

Leasehold.

INSIDE

COMMUNAL ENTRANCE The entrance to the property is via the shared walkway between the shops to the front of Market Square, at the rear you will find steps leading up to a communal door with and keypad entry system and stairs to all floors. The property is located on the top floor (3rd floor) of the building. ENTRANCE HALL 6'9 X 5'7 Laminate flooring, door to LOUNGE/DINING ROOM 14'10 X 11'7 With two windows to front overlooking Market Square. Both windows are double glazed from the inside with retention of traditional sash windows to front. Laminate flooring, electric heater. KITCHEN 7'8 X 5'7 Well presented, with a range of fitted units, stainless steel sink unit, integrated oven/hob/filter hood, tiled splashbacks, extractor fan and laminate flooring. HALLWAY Laminate flooring, doors to BEDROOM 10'3 X 7'9 With dormer window, sloping ceiling to one side, laminate flooring and electric heater BATHROOM 6'10 X 5'4 With low level WC, panel bath with shower over, sink unit, part tiled walls and extractor fan. LEASE DETAILS: With an unexpired lease term of 97 years. We are advised by the seller there is a ground rent of £200 PA and a service charge of £3003 PA. Please note we will need to confirm these details in the awaited legal pack and will update/amend accordingly. Please ensure you review the legal pack in full for clarification prior to bidding.

OUTSIDE

COMMUNAL YARD LEADING TO ENTRANCE

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Buckinghamshire County Council

Additional Fees

Buyer's Premium - - The purchaser will be required to pay a buyers premium charge of £3600 (£3000 PLUS VAT)

Administration Charge - - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.