This property is no longer on the market
1 bedroom flat
Key information
Property description & features
- Online unconditional auction
- Excellent rental investment
- Yield of nearly 8%
- Current rent of £435 pcmx
- First floor flat
- Electric heating / Upvc Double glazing
- Parking to rear
- EPC Rating E
Here is an exciting opportunity to acquire a first floor flat within the purpose-built block known as Whateley Court situated on the corner of Richmond Road / Queens Road within a short distance to the town centre.
The property has been let over the years and will be sold with the tenants in situ. The property achieves a rent of £500 per calendar month resulting in a yield of over nearly 9% making a great return on the investment.
The flat is on the first floor and benefits from electric heating, uPVC double glazing, parking for one vehicle to the rear, and is situated close to the town centre. EPC Rating C
Auction Terms - The property will, unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor's Solicitor and are contained within the Auction Legal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).
Communal Entrance - Having entrance doors from Queens Road and a staircase to the first floor.
Hall - Having uPVC entrance door, electric panel heater, airing cupboard housing hot water tank, meter cupboard, laminate wooden flooring and doors to:
Lounge - 3.18m x 3.61m (10'5" x 11'10") - Having Dimplex electric heater, uPVC double glazed window, laminate wooden flooring and coved ceiling.
Kitchen - 4.32m x 1.96m (14'2" x 6'5") - Having a range of fitted wall and base units with contrasting work surfaces and tiled splash backs, inset single drainer sink with mixer tap, built in oven, four ring hob with extractor hood over, space and plumbing for automatic washing machine, space for upright fridge freezer, tiled floor and uPVC double glazed window.
Bedroom - 2.72m plus wardrobe depth x 4.17m (8'11" plus ward - Having fitted wardrobes, laminate wooden flooring, Dimplex electric heater and uPVC double glazed window.
Bathroom - 1.96m x 2.24m (6'5" x 7'4") - Having a white suite comprising: -low level w.c., wash hand basin, panelled bath with Triton shower fitment over, fully tiled walls and floor, electric shaver point, electric fan heater and obscure uPVC double glazed window.
Outside - There is a parking area to the rear of the blocks.
General Information - TENURE: We understand that the properties are leasehold held on a 99 year lease from 24 June 1975, with approximately 52 years remaining. The service charge is £1670 per annum, paid every six months. The ground rent is £35 per annum, charged on 24th June, in arrears.
SERVICES: all mains services are connected but not tested. The telephone is available subject to the appropriate telephone companies' regulations. The agents have not tested any apparatus, equipment, fittings, etc, or services to this property, so cannot confirm they are in working order or fit for the purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.
LOCAL AUTHORITY: Nuneaton & Bedworth Borough Council
COUNCIL TAX BAND: A
FIXTURES AND FITTINGS: only those as mentioned in these details will be included in the sale.
MEASUREMENTS: the measurements provided are given as a general guide only and are all approximate.
VIEWING: by prior appointment through the Sole Agents.
Seller's Solicitor - Solicitor: Bank View Solicitors
Address: Bank VIew House, 55, Preston New Road Blackburn, Lancashire, BB2 6AY
Contact: Alicia Pitt
Directions - What Three Words: ///elaborate.maps.forget
Viewing - Viewings are strictly by appointment only, please contact the auction department for viewing arrangements
Bidder Registration And Legal Pack - If you would like to register to bid, find out more information on the unconditional auction process, or to download the Auction Legal Pack, please see additional information on our auction microsite:
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Broadband availability and predicted speed: obtained from Ofcom on June 9, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 9, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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