This vacant one bedroom ground floor apartment is offered for sale via traditional auction. The property is in reasonable condition, but could also be improved should a buyer wish. This would make a great addition to a rental portfolio. Similar good standard apartments in the block have been listed for rent at £625pcm which, if agreed, would reflect over a 23% gross yield return based on the guide price. This apartment is located directly in the city centre close to a wealth of amenities including shops and transport links via train and bus. Leasehold information: Length of lease - 99 years from 1 March 2006 Ground rent - £355.82 Per Annum Service charge - £450.29 - 01/04/2025 - 30/06/2025

Ground Floor

Lounge/kitchen area, bedroom and bathroom.

ADDITIONAL INFORMATION

Council Tax

Band A.

EPC

Rating C.

Tenure

Leasehold.

Disclaimer

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Charges & Payments

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Searches £300 inc VAT

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

Guide Price

Guides 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. Each 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.

Additional Fees

Administration Charge - See above

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