Studio for sale

St. Aldate Street, Gloucester GL1

** For Sale By Online Auction** Guide Price - £45,000 - £55,000**

A perfect investment opportunity for a landlord wanting to join the property ladder with this property is being sold with a tenant in situ! One-bedroom studio apartment located in Gloucester City Centre perfect for city workers.

The property is full of natural light due to the French doors and also benefits from a communal courtyard with rear/side access and an open-plan living style. The apartment has a well-appointed kitchen with built-in appliances, a double bedroom & a three-piece bathroom.

The property is located close within walking distance (5mins) of Gloucester City Centre, Gloucester Royal Hospital and the train station as well as motorway links to both Cheltenham and Bristol.

Additional Information -
Tenure - Leasehold
Being Sold with Tenant In Situ
Tenant currently paying £495pcm
Lease Length -180 years remaining - Expiry Date 2206
Service Charge & Ground Rent Annual Payment - £722.67pa
Potential Rental Income - circa £7,500 pa (£600 - £625pcm)
Council Tax - Band A
Floor Area - 26 sqm
EPC - C


Modern Terms & Conditions -
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the sale price.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.