A brand new 2 bedroom + study first floor apartment (914 sq ft) that is ready for occupation

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Description/Location

Regent House is a new office to residential conversion close to the town centre. The building comprises 31 apartments (21 apartments either sold or currently reserved) and a ground floor commercial unit. The apartment benefits from a 10 year ICW warranty, contemporary kitchen and bathroom fittings and a video intercom. There is a lift to all floors. Apartment 13 was listed at £180,000+ with agents prior to auction. We would estimate the current rental income to be in the region of £800 per calendar month.

Tenure

New lease - see legal pack for details

Local Authority

Viewing

Charles Darrow Network Auctions on 01271 321122

Accommodation

First floor: Entrance hall, open plan living room with kitchen, study area, 2 bedrooms, shower room Outside: Parking for residents and visitors.

Rent

Estimated rental £9,600 per annum

Virtual Tour

Virtual Tour Flat 13 Regent House

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.