Block of Apartments
Three 2-bed first-floor apartments ideally located in the centre of the picturesque market town of Bicester, and less than 8 minutes walk from Bicester Village and Bicester Village / North train stations. Bicester enjoys excellent transport links with direct trains to London and Birmingham and is 3 miles from junction 9, M40.
To be sold together, these recently refitted 2-bedroom apartments are located in the town centre close to the shops and railway station. Each apartment has been finished to a good standard with all bedrooms having ensuite facilities. The apartments are all currently tenanted providing an existing income stream for the new owner. The apartments also have strong potential for serviced accommodation.
Rental Income:
The properties are currently let under Assured Shorthold Tenancy agreements, total gross income £37,200 per annum.
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite bathroom and bedroom two with ensuite shower room.
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite shower room and bedroom two with en-suite shower room.
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite bathroom. From the hall, the stairs lead up to bedroom two with en-suite shower room.
Outside is a small communal area. Access is via Backway Road and the apartments are located in Cherrys Yard.
The tenure is Leasehold and the lease is 993 years. The Ground Rent is £62.50 per annum per flat and the Service Charges are £488.49 per flat per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
