Property details
For Sale By Public AuctionA well presented two bedroom ground floor apartment, ideally situated in the popular town of Warwick, within easy reach of local amenities and transport links. The property is offered for sale with the current tenant remaining in situ, generating an annual rental income of £9,600. Based on the auction guide price, this represents a gross yield of approximately 12.8%, making it an attractive investment opportunity for both new and experienced investors.
The accommodation comprises an entrance hall, lounge, kitchen, two double bedrooms and a family bathroom. The property also benefits from its own private entrance and off road parking.
Interested parties are advised that the property will be sold subject to the existing tenancy, with further details available within the legal pack.
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
Auctioneer's Note
The Auctioneer confirms that the sitting tenant was served ‘The Renters Rights Act Information Sheet’ on 18/06/2026.
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 The property will, unless previously sold or withdrawn, be sold subject to the Special Conditions and General Conditions of Sale contained within the Auction Legal Pack.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 Some sellers may consider a pre-auction offer and the lot may be sold or withdrawn before the auction.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 Auction Legal Pack. These additional costs may be payable on completion. Buyers must read the Auction Legal Pack carefully and take professional advice 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 from1987, meaning there are approximately just under 60 years unexpired. The auctioneer understand the ground rent and service charge is £1,012.32 annually. The property is sold with tenant in situ. 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
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.
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
