Guide price
£400,000
3 bed flat for sale114 Palladian, Victoria Bridge Road, Bath BA2
3 beds
2 baths
- Auction
- Freehold
Knight Frank - Auctions
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About this property
Three-bedroom apartment in the prestigious Riverside development
Views on one side towards the river and to the hills beyond, and on the other views over the communal private gardens.
Allocated parking space in a gated and secure underground parking area
Benefits from a level walk or cycle along a car-free towpath into the heart of the City
To be sold via Knight Frank Auctions on Thursday 12th June (unless sold prior)
Interested parties should contact Knight Frank Auctions for further information.
Description
Built in 2013, Palladian is the smallest block of privately owned apartments in this attractive development close to the city centre. 114 is on the fourth floor with views on one side towards the river and to the hills beyond, and on the other views over the communal private gardens.
There are three bedrooms - two doubles and a single - one with a small balcony and ensuite. Bespoke fitted wardrobes and shelving make the most of the space, a theme which continues through the other rooms in this modern home. The kitchen has Bosch electric appliances and built-in white goods. Decor is neutral throughout and in good order.
Gardens and Grounds
There's an allocated parking space in a gated and secure underground parking area. Here, there's also a cycle store and recycling/bin area. A private, gated communal courtyard garden and a play area are adjacent and Elizabeth Park, an open green area is shared by residents who form part of a strong community:
The internal photos were taken prior to the existing tenancy.
Location
Set on the banks of the River Avon, Bath Riverside enjoys a level walk or cycle along a car-free towpath into the heart of the City - direct to the train station and bus terminal. It forms part of the Kennet and Avon cycle route which will also take you out towards Bristol.
Bath has excellent cultural and leisure amenities including many fine restaurants and specialist shops, museums, art galleries and theatres as well as its premiership rugby ground and Thermae Spa. There is an excellent range of private and state nurseries and schools, catering for all age groups.
Tenancies
Let on a 12 month AST, expiring 12th September 2025 and producing £1,950 per month (£23,400 per annum). Refer to the legal pack for further information.
Tenure
Leasehold. 999 years from 01/05/2011 (thus approximately 985 years remaining). Ground rent is £360 per annum. Service charge is £3,300 per annum for 25/26. Refer to the legal pack for further information.
The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the sdl Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
More information
Tenure
Freehold
Service charge
£3,300 per year
Council tax band
Ground rent
£360