4 BED Apartment For sale

Clarendon Square, Leamington Spa

£300,000

4 2

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01789 387887

Property details

For Sale by Public Auction

Attention investors! A four-bedroom duplex HMO apartment in the heart of Leamington Spa. The current estimated rental value of £2,300 pcmx and presently there are three apartments Let. The property occupies a position overlooking greenery and is located within a handsome Georgian Square. The apartment is only a moment's stroll from the Parade and the cafes and restaurants Leamington Spa has to offer and is within walking distance of the train station.

Set over the third and fourth floors of this impressive Georgian townhouse, this duplex apartment offers spacious accommodation. It comprises an entrance hallway giving access to the breakfast kitchen on the first level. Rising up a short staircase the first main level of the apartment has three bedrooms and a bathroom suite.

A further staircase leads you to the second level, offering a spacious landing/lounge area with an additional reception room and master bedroom suite with large double bedrooms and en-suite.

This property offers a fabulous base in one of Leamington Spa's most sought-after town centre locations.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 28th February at 6.00 pm
Stratford upon Avon Town Hall

Auction Terms



The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.



Auction Deposit and Fees



The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.



Guide Price & Reserve Price



The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).



Plans



Plans shown are for identification purposes only.



Directions



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Tenure and Possession



The property and land are leasehold. 189 years beginning on and including 29 April 1990 and ending on and including 29 April 2179. There is a peppercorn ground rent and an annual service charge of £1,680 (waiting for confirmation from the vendor's solicitor). Possession will be given upon completion which is normally 20 working days after the auction. Please refer to the Legal Pack for further details.



Bidder Registration and Auction Legal Pack



If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

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. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check.



Legal Documents & Additional Costs



It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is 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.



Viewings



All viewings are by appointment only through the Auction Department



HMO Licence



The auctioneer understands there is a licence for a House in Multiple Occupation under Section 64 of the Housing Act 2004 dated 14th December 2021, Licence Number: 446/21. This licence is issued for a period of 5 years commencing on 03/05/2021 and expiring on 02/05/2026. Furthermore, we understand that the legislation does not allow HMO licences to be transferred to another person. A new application is required for a new HMO licence holder e.g. owner or agent.




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