Studio for sale

Portland Street, Leamington Spa CV32

Summary
open house - Friday 27th June 17:00 - 17:30, contact us for details.

Calling all first time buyers and investors!
Studio apartment for sale with no onward chain. Offering modern accommodation throughout and located in the town centre and benefitting from allocated parking for one car!

Description
Ideally located in the heart of Leamington Spa with the town centre on your doorstep is this modern studio apartment. The property comprises open plan lounge, kitchen, bathroom and mezzanine level. Externally the property benefits from one allocated parking space.
The property is available for sale with no onward chain and would make a great first time buy or investment opportunity.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Approach
Located to the rear of the property with your own private entrance.

Lounge 12' 5" x 10' 9" ( 3.78m x 3.28m )
Light and airy lounge comprising a feature fire place, two skylights, an electric radiator and windows to side and rear elevation.

Kitchen 11' 5" max x 8' 2" max ( 3.48m max x 2.49m max )
Fitted with wall and base units with work surfaces over and tiled upstand, incorporating a stainless steel sink and drainer unit. Comprising oven, electric hob and cooker hood over and providing space for appliances.

Mezzanine/Bedroom 10' 9" x 3' 11" ( 3.28m x 1.19m )
Access via ladder, With restricted head height and comprising two skylights.

Shower Room
Fitted with a modern three piece suite, comprising a wash hand basin and vanity unit, shower cubicle and a low level W/C. Having partly tiled walls.

Parking
There is allocated parking for one car to the rear of the property.

Lease Information
The property is leasehold and the lease has been extended to 99 years from 1st September 1984. This property is subject to management costs to include; an annual ground rent of £100 and an annual service charge £1,423.80. Further information available upon request.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.