An excellent chance to invest in a block of four flats consisting of 3 one bedroom apartments and a studio flat. There is potential to extend (STP)
Town & Country Property Auctions are delighted to offer For Sale by Public Auction this large property consisting of 4 separate flats, 3 of which are 1 bedroom apartments and one studio apartment. All flats are in reasonable condition but would benefit from a light refurb (carpets and decoration) There is further potential to extend to create and to increase a 5th unit in the loft space (STP). To the rear of the property there is a large private garden which has great potential to also extend if you are wanting to increase the floor space of the two units at the rear.
Winchester is also home to St Swithun's, Pilgrims, Winchester College, and Princes Mead, all of which are a particular draw to the city. There is also an excellent choice of state schools in Western/Westgate, Kings, and the highly regarded Peter Symonds sixth form college.
The city is very well connected via road and rail with London Waterloo accessible via a fast service in under 60 minutes from the city's railway station. The M3 allows easy access to London and the South coast connecting with the M27 and Southampton Airport which serves a growing number of destinations worldwide. The A34 to the north provides access to Oxford, the Midlands and the A303 to the West Country. is home to St Swithun's, Pilgrims, Winchester College, and Princes Mead, all of which are a particular draw to the city. There is also an excellent choice of state schools in Western/Westgate, Kings, and the highly regarded Peter Symonds sixth form college.
We are also selling the rear double garage with parking to the rear of this block of flats which will be listed within the same auction. If you would like more information please contact the office.
The property will be entered into our 29th May auction which is held online and starts at 10am. You must register to bid and download the legal pack.
PROPERTY FEATURES
. Block of 4 Flats
. Freehold & Offered with Vacant Possession
. Rear Garden
. GDV of Approx £850,000 to £900,000
. 56 Day Completion
FLAT 1
. One Bedroom Flat
. Resale Value: £215,000
. Rental Value: £1150 PCM
. Vacant Possession
. Council Tax: B
FLAT 2
. One Bedroom Flat
. Resale Value: £215,000
. Rental Value: £1150 PCM
. Vacant Possession
. Council Tax: B
FLAT 3
. One Bedroom Garden Flat
. Resale Value: £275,000
. Rental Value: £1250 PCM
. Vacant Possession
. Council Tax: B
FLAT 4
. Studio Flat
. Resale Value: £150,000
. Rental Value: £950 PCM
. Vacant Possession
. Council Tax: A
* Buyers Premium Applies
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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