Property details
**** Ground floor apartment offered with vacant possession ****For Sale By Public Auction.
Situated within Southam town centre, this well presented one bedroom ground floor apartment offers an excellent opportunity for investors, first time buyers, or those seeking a convenient lock up and leave property. Having previously been rented for a number of years, the property is well suited to buy to let investment.
This property briefly comprises; private reception hallway, kitchen with integrated electric oven and stove top. Living room with neutral decor and carpet throughout, spacious double bedroom, bathroom with full suite including shower over bath.
The property benefits from double glazing throughout and electric heating. Externally, there is a communal lawned area to the rear, along with non-restricted parking available directly to the front of the property.
Conveniently located in Southam, the property offers easy access to the M40 and is well served by public transport links, making it ideal for commuters.
Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 22nd July 2026 at 6:00pm, doors open at 5.00pm.
Stratford-upon-Avon Town Hall
Auction Terms
This property is offered for sale by traditional auction by SBK Sales Ltd, trading as SBK Auctions. The property will, unless previously sold or withdrawn, be sold subject to the Special Conditions and General Conditions of Sale contained within the Auction Legal Pack. The Auction Legal Pack will be available to download by registered bidders.
The sale will take place on the stated auction date by way of a live, in-room auction and the property is being sold on an unconditional basis with a fixed fee. Some sellers may consider a pre-auction offer and the lot may be sold or withdrawn before the auction.
If the reserve price is met and the auctioneer's gavel falls, binding contracts of sale will be exchanged at that point.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:
•10% deposit (subject to a minimum of £5,000)
•Buyer’s Premium of £1,500 inc. VAT
•Search pack of £336 inc. VAT
There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price is an indication of the seller's current minimum acceptable sale price and is given to assist interested parties in deciding whether or not to pursue their interest. The reserve price is the minimum price at which the seller has authorised the auctioneer to sell. The reserve price remains confidential between the seller and the auctioneer.
Where a guide price is shown as a range, the reserve price will be set within that range. Where a single figure guide price is shown, the reserve price will not be set more than 10% above that figure.
Both the guide price and reserve price can be subject to change at any time prior to the auction.
Plans
Plans shown are for identification purposes only.
Services
The auctioneer understands that mains water, drainage and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services.
Directions
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Tenure and Possession
The property is Leasehold. The lease term is for 99-year lease from September 1986, meaning there are approximately 60 years unexpired. The auctioneer understand the ground rent is £60 annually and service charge is £900 annually. The property is sold with vacant possession on completion. Please refer to the Legal Pack for further details.
Bidder Registration and Auction Legal Pack
If you would like to register to bid, please visit:
passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid in person, online, by telephone or by proxy.
The Auction Legal Pack for the lot you are interested in can be downloaded here:
auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
All bidders must register before bidding, complete the required identity checks and be approved to bid.
Full details on how to register to bid, and a guide to buying at auction, can be found at:
sbkauctions.co.uk
Preferred Solicitors
If you would like details of our preferred solicitors, please contact the auction team and we can arrange for information to be sent to you.
Legal Documents & Additional Costs
It is essential that bidders check the legal documents prior to bidding and take professional advice. The legal pack may include searches, title documents, Special Conditions of Sale, tenancy information, planning documents, notices, replies to enquiries and other documents relevant to the lot.
Special Conditions of Sale can contain additional costs, being costs over and above the price the lot is knocked down at, and bidders are deemed to be aware of any additional costs prior to bidding.
Bidders must rely on their own inspection of the legal pack and any professional advice they obtain before bidding.
Viewings
All viewings are by appointment only through the Auction Department
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Property location
Property Floorplan
