A stunning penthouse apartment in the sought-after Castle Quay development, situated in the heart of the vibrant Castle Quarters. This exceptional property offers breathtaking panoramic views of Bedford’s iconic Embankment and the charming market town.
The accommodation includes two spacious double bedrooms, en-suite shower room with stairs leading to an impressive open-plan living space, which boasts two balconies and far-reaching views. Additional features include secure gated parking, a video entry system, and lift access.
Ideal for owner occupation or letting investment with an estimated rent of £1,500 PCM depending on condition, gross yield 10% PAX.
Located within walking distance of Bedford’s excellent shopping and leisure amenities, the property is close to the popular Riverside West area, which offers a variety of restaurants, a cinema, and a gym. Additionally, it provides easy access to Bedford train station for commuters and Priory Country Park.
Auction
To be sold by online auction (unconditional) on Thursday 27th March 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years (less 3 days) from 16 March 2007 to 12 March 2132 - 107 years remaining.
Ground rent and service charge
Ground rent: £200 PAX. Service charge: £3,525 PAX. Please see legal pack for further details.
EPC rating
C
Council tax band
D - Bedford
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
