Gramercy Park, Banner Brook, Coventry

1 bedroom apartment for sale

Starting bid £100,000

Description

*Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £100,000* INVESTMENT OPPURTUNITY - TENANT IN SITU - RENTAL INCOME £9000PA -This well presented first floor one bedroom apartment is for sale as an ongoing investment and comes with a tenant in situ. The apartment is located close to local amenities and with good transport links to Coventry University and briefly comprising of a spacious open plan living area with modern fitted kitchen with electric hob/oven, dishwasher, fridge/freezer and washing machine. A large double bedroom and a part tiled bathroom with white suite to include bath with shower over. Other features include secure entry phone system, residents parking, double glazing & electric heating.

Open Plan Lounge / Kitchen - 3.5m x 7.00m (11'5" x 22'11") - The spacious open plan lounge is carpeted to the living area with the kitchen having tiled flooring and a range of fitted modern wall & base units to include an integrated oven, hob & extractor unit

Bedroom - 3.4m x 3.5m (11'1" x 11'5" ) - A larger than average double bedroom has a UPVC double glazed window, electric wall heater & is fully carpeted.

Bathroom - 2.3m x 1.7m (7'6" x 5'6" ) - The part tiled bathroom has a modern white suite to include bath with mixer shower over and heated towel rail.

Viewing Arrangements Viewings are strictly by appointment only via Archer Bassett.

Tenure (Leasehold) The agent has been informed that the property is offered leasehold however any interested party should obtain confirmation of this, along with any ongoing associated costs such as ground rent and service charges, via their own solicitor or legal representative. Any costs stated in these particulars have been provided by the vendor and have not been verified by the agent.

Auctioneers Additional Comments Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax band: A

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Location

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Floorplans

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EPC