Detached house
A large detached house originally five bedroomed in need of some improvement and situated close to Banbury town centre. We are in informed that the property is let to 5 tenants on a room by room basis and that there is an income of £40,000pa.
We have not inspected the property or had sight of any tenancy agreements. Prospective buyers are advised inspect the legal documents and make all necessary independent enquiries before placing their bid, as this will be binding.
The house is set on a substantial plot with gardens to three sides and ample off road parking.
Leading into -
Giving access to -
13ft x 11ft 5
13ft x 12ft 1
14ft x 11ft 11
10ft 11 x 10ft 11
14ft 6 x 10ft 6
14ft 6 x 10ft 8
Leads to -
14ft x 12ft
13ft x 11ft 8
13ft x 8ft 5
7ft 10 x 6ft 8
Water - Mains. Drainage - Mains. Gas - Mains. Electricity - Mains
Gas central heating.
Solid brick.
Standard 15mbps and Superfast 283mbps are available in this location.
EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Sky and BT are available in this location.
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.
These sales details are awaiting vendor approval.
Freehold. See legal pack.
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.
