First Floor Apartment

Offering to auction, this one bedroom first floor apartment situated in Basingstoke. The accommodation comprises an entrance hall, open plan living kitchen dining room, bedroom and a bathroom. This property is a fantastic investment opportunity. The potential monthly rental income is £975 and £11,700 per year, this offers a potential gross rental yield of 12.3% based on the guide price. Skippetts Gardens is ideally located within close proximity of the town centre, which offers multiple shopping and recreational facilities including Festival Place shopping precinct, Waitrose, the Anvil Concert Hall, Haymarket Theatre and the mainline station, which offers a regular service to London Waterloo in about 45 minutes. Junction 6 of the M3 is within a few minutes drive.

Tenure

Leasehold.

AUCTIONEERS NOTE

POTENTIAL YIELD: We have been advised by a local agent that the potential rental income is £975 per month and £11,700 per year. This offers a gross rental yield of 12.3% based on the guide price.

ACCOMMODATION

Entrance Hall Kitchen/Living/Dining Room: 20' 3" x 12' 1" Bedroom 9' 6" x 9' 5" Bathroom Parking

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating C79

Local Authority

Basingstoke and Deane Borough Council

Solicitors

TLT LLP, 1 Redcliff Street, Ref: TLT LLP, Tel: 0330 165 4201

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.