A vacant 2 bedroom coach house with garage and enclosed private rear garden requiring refurbishment, located in Bishops Waltham Village providing good access to Southampton and Portsmouth. Ideal for owner occupation or letting investment with an estimated rent of £1,100 PCM in good condition, gross yield 10.56% PAX. CASH BUYERS ONLY.
Auction date
To be sold by online auction on Friday 24th November 2023 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.
Location
* Close to local schools and amenities * Good access to Southampton and Portsmouth * Mainline rail service to London * M27 access at junction 8
Description
* Coach house * 2 bedrooms * Requires refurbishment * Single garage with utility room * Private rear garden * Estimated rent of £1,100 PCM in good condition, gross yield 10.56% PAX
EPC rating
C
Tenure
Leasehold with vacant possession
Lease
999 years from 1 November 1969 - 944 years remaining. The property has an absentee freeholder and indemnity insurance has been provided in the legal pack, however, it may be difficult to secure a policy that would satisfy a mortgage lender.
Ground rent and service charge
Please see legal pack for further details.
Council tax band
B - Winchester
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.
Additional fees
A buyers charge of £1,200 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.
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".
* 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.
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