Description

For Sale By Public Auction An exciting opportunity for developers/investors looking for a property in a highly sought after area within proximity to Warwick University. This four-bedroom semi-detached property benefits from a current HMO license and a potential rental income of £1900-£2000pcmx based on the rentable rooms. This would produce a gross yield of around 12% (based on the auction guide price). Alternatively, the property would also be well suited to those wanting to develop and reconfigure (subject to necessary planning permissions) due to the plots potential. The accommodation occupies two floors and has been modernised and maintained by the current owners. To the ground floor is a lounge, kitchen/diner and a bedroom with a separate bathroom and to the first floor are three well-proportioned bedrooms and a family bathroom. Externally the property boasts a generous corner plot with front and rear gardens and ample driveway parking. Auction Details: Auction Live Event Wednesday 26th March 2025, 6pm Stratford upon Avon Town Hall Agent's Note - The auctioneer is aware that a small part of the property is erected over a public sewer. This is accessed by a man hole in the rear garden. Buyers are to make their own enquiries and refer to the legal pack for further details. Auction Terms - The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not. The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction. Binding contracts of sale will be exchanged at the point of sale. Auction Deposit And Fees - The following deposits and non-refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Premium of £1,500 inc. VAT There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding. Guide Price & Reserve Price - The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition). Plans - Plans shown are for identification purposes only. Services - The auctioneer understands that mains water, drainage, gas and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services. Directions - What Three Words: Search ///aside.rams.bill Tenure And Possession - The property and land are freehold. Vacant possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details. Bidder Registration And Auction Legal Pack - If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/ You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you. If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Legal Documents & Additional Costs - It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding. Viewings - All viewings are by appointment only through the Auction Department