FOR SALE VIA AUCTION – INVESTOR PURCHASE ONLY

£72,000 Guide Price

Sold STC

Key Features

Property Features

1 Bedroom apartment
Popular Town centre location
Ideal Investment
Close to local amenities
Tenants in situ
First floor

Property Description

Property Summary

FOR SALE VIA AUCTION – INVESTOR PURCHASE ONLY

Tenant in situ paying £750 PCM

A one-bedroom apartment located in Swindon Town Centre, available exclusively for investors. The property is currently let at £750 per calendar month, with a potential rental income of £750–£800pcm in the current market.

We are advised by the vendor that the lease has approximately 970 years remaining. The annual service charge is £1,201.95, the ground rent is a peppercorn rent of £1 per annum, and the current buildings insurance premium is £165 per year.

Council Tax Band: B
EPC Rating: D
CASH BUYERS ONLY

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Floorplan

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