Property details
For Sale by Public AuctionThe freehold interest of Brookside Court, four residential properties, each with a garage, in the popular market town of Stratford-upon-Avon.
The property comprises a two-story detached residential block with four long leasehold residential flats contained therein. To the rear are the garages for each respective flat. The freeholder has the right to receive the ground rents plus any potential sums due from leasehold extensions in the future.
40, 42, 44 and 46 Brookside Road and garage subject to lease of between 189 and 198 years from 25th March 1976. All units pay £60 per annum with a combined rent of £240 per annum. This will increase to £60 per annum per unit in 2042 with a combined rent of £480 per annum.
The property is set within a principally residential area to the west of Stratford-upon-Avon town centre. Stratford is an historic market town, home of William Shakespeare and popular tourist destination offering a wide range of retail and leisure amenities including the world-renowned Royal Shakespeare Theatre. It is located some 25 miles south of Birmingham and within commuting distance of other commercial centres of the Midlands. The M40 motorway provides access throughout the region to the southeast. The town is also served by two mainline railway stations.
Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 29th November 2023 at 6pm
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The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal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 Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.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 £1194 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.
Tenure and Possession
The property and land are leasehold. 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/89683
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.
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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
There are no viewings available for this Lot
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Property location
Property Floorplan
