Attention Investors, a great opportunity - ready to go.
A well presented third floor apartment in central Leamington Spa, with tenants in situ. The property is located in the heart of Leamington Spa Town Centre, with shops, bars, and restaurants on the doorstep and only 5 mins walk to the train station.
The current owners have rented the property out for a number of years with a lot of success. The property is currently rented out on a 12 Month AST at £900 pcm.
This spacious and well presented period property benefits from spacious lounge, dining kitchen, two double bedrooms and bathroom. Parking is also available via permit.
The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Access to the property is via a front door into the entrance hall which gives access to all accommodation.
Entrance Hall - There is an intercom, loft access space which is believed to be boarded providing excellent storage space and access to all accommodation.
Lounge - 5.3m x 4.8m (17'4" x 15'8") - Having dual aspect windows (one to side and one to front elevation), two central heating radiators and recessed ceiling light points.
Dining Kitchen - 3.2m x 5.7m (10'5" x 18'8") - Dining Kitchen has a range of wall mounted cupboards and base units, window to side elevation, integrated oven and hob with extractor fan over, stainless steel sink and drainer unit with mixer tap, recessed ceiling light point storage cupboard space and plumbing for washing machine and space for fridge and freezer.
Bedroom One - 3.1m x 3.1m (10'2" x 10'2" ) - Having secondary glazed window to side elevation, central heating radiator and recessed ceiling light points.
Bedroom Two - Having secondary glazed window to front elevation, recessed ceiling light points and central heating radiator.
Bathroom - 1.8m x 2.7m (5'10" x 8'10" ) - Having opaque glazed window to side elevation, panel bath with shower attachment, low level w/c, pedestal wash hand basin and central heating radiator and recessed ceiling light points.
General Information - Services Mains water, gas and electricity are believed to be connected to the property.
Viewings - Strictly by appointment through the Agents on (01926) 430553
Tenure - We believe the property to be Leasehold. The agent has not checked the legal status to verify the freehold status of the property. The purchaser is advised to obtain verification from their legal advisers.
140 years remain on the lease.
We have been informed the owners that Heads of lease will be owned by each of the four flats in this building. As a group of flats they are responsible for the internal maintenance of the property only and the owner has commented that the this is very well run they currently pay £125 per quarter.
£900pcm rental. AST commences 28th 9/1026 and runs for 12 months
Tenants In Situ.
Special Note - All electrical appliances mentioned within these sales particulars have not been tested. All measurements believed to be accurate to within three inches.
Disclaimer - Whilst we endeavour to make our sales details accurate and reliable they should not be relied on as statements or representations of fact, and do not constitute any part of an offer or contract. The seller does not make or give, nor do we, or our employees, have authority to make or give, any representation or warranty in relation to the property. Please contact the office before viewing the property. If there is any point that is of particular importance to you, we will be pleased to check the information for you and to confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property. We would strongly recommend that all the information, which we provide, about the property is verified on inspection and also by your conveyancer.
Management Dept - For all enquiries regarding rental of property, or indeed management of rented property, please contact Pauline Carrera-Silva on (01926) 438123.
Financial Services - For mortgage advice, please contact this office on (01926) 430553, and we will arrange for our whole of market mortgage advisor to contact you to give you up to the minute mortgage information, alternatively you can contact Jason Francis on 07973897543 direct.
Survey - Hawkesford Survey Department has Surveyors with local knowledge and experience to undertake Building Surveys, RICS Homebuyers Reports, Probate, Matrimonial, Insurance valuations, together with Rent Reviews, Lease Renewals and other professional property advice. Hawkesford are also able to provide Energy Performance Certificates. Telephone (01926) 438124.
Tax Band -
Directions - From our offices in Euston Place, Leamigton spa, turn left onto Hamilton Terrace, Turn left onto the Parade, continue straight over mini two roundabouts onto Bath Street, property will be on the left hand side.
Auctioneer Details - This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 + VAT (£1,000) = £6,000 which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The West Midlands Property Auction powered by iam-sold Ltd.