Ref: Lot 2
***Offers Invited In Advance Of The Auction Date *** Fantastic investment opportunity!
We are pleased to offer a fantastic investment opportunity, perfectly located in Richmond Hill. This one bedroom apartment is in need of refurbishment and comes with the benefit of planning permission to extend the property to the side, adding a potential second bedroom and bathroom.
The accommodation comprises: entrance porch, living room, master bedroom, bathroom and kitchen. Externally the property has the benefit of an allocated parking space (which is included in the title deeds) along with a circa 90ft private rear garden, housing an insulated cabin/office.
This is a brilliant opportunity for owner occupiers and investors alike. Subject to refurbishments, lease extension and completion of the building works to add a second bedroom, there is plenty of scope to add value to the property.
The property is mostly suitable for cash buyers due to there being circa 40 years left on the lease.
Viewing is essential.
Leasehold Information
Length of lease - 99 years from 24/06/1964
For any ground rent and service charge details please see the legal pack
E
Leasehold
For sale by online auction on 28th September 2023
Bidding opens at 10:00am and closes at 12:00 noon
40 year lease
Planning granted for side extension adding a second bedroom
Planning permission 21/0709/FUL
90ft private rear garden
Off-road parking for one vehicle
No chain
In need of refurbishment
Plus Fees
D
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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