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2 Restel House, South Street, Banbury OX16 3LE

GROUND FLOOR ONE BEDROOM FLAT REQUIRING SOME UPDATING

This first floor one bedroom flat forms part of a 1970's block of 6 apartments located within a mile of Banbury Town Centre. The railway station and amenities are all close to hand and therefore this property offers an ideal investment opportunity. Good road links serve the area with the M40 being located within two miles. The flat would benefit from some general modernisation and is sold with the benefit of full vacant possession. There is parking to the rear of the block and electric heating within. This property will be of interest to investment purchasers and owner/occupiers.

ACCOMMODATION

Entrance Hall, Living Room, Bedroom, Bathroom/WC, Kitchen.

TENURE

The flat is held on a 125 year lease from 29th September 1980 at a £50 pa ground rent. Therefore it has an unexpired term of approximately 87 years.

LOCAL AUTHORITY & TAX RATING

Cherwell District Council 01295 227001 Council Tax Band: A

VIEWING TIMES

Friday 16th February @ 11am

NOTE

Please note the Special Conditions of Sale provide that the purchaser is to pay an additional sum of 1.25% + VAT of the purchase price towards the vendor’s expenses.

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.