FOR SALE BY AUCTION * CASH BUYERS * AUCTION FINANCE * 28-DAY COMPLETION

Description

INFORMATION FROM THE AGENT: **

** PLANNING GRANTED W/23/1425 Fri 02 Feb 2024 ** works comprising three storey rear extension internal reconfiguration of existing 7no. one-bed flats to create 4no. two-bed and 5no. one bed apartments for a total of 13 bedrooms (resubmission of W/23/0156).

Situated on one of Leamington’s most desirable roads this substantial detached Victorian villa is currently configured as seven one-bedroom apartments. If converted back into one residence this villa has the potential to become a truly stunning family home.

The flexible living space could be configured in numerous ways and has the potential for being an eight plus bedroom house. The generous garden to the rear of the property also has the opportunity for a coach house to be added to the rear, for ancillary accommodation or as an income generator.

Accommodation summary

Ground Floor
Currently configured as three one-bedroom apartments, the downstairs has potential to be converted in numerous ways to suit your individual needs, with space for an open plan kitchen dining room and four generous sized reception rooms.

First Floor
The first floor is, again, configured as three one-bedroom apartments which could be converted back into four or five generous sized bedrooms all with ensuites.

Second Floor
Currently a self-contained one-bedroom apartment this space would make a stunning master suite or could be converted back into two bedrooms with a family bathroom.

Outside
At the front of the property is off-road parking for up to a dozen vehicles and at the rear, there are more opportunities, with a good-sized garden with the potential to build a coach house and rear access.

Services, Utilities & Property Information
Utilities – The property is connected to mains water, electricity, gas, and drainage.
Mobile Phone Coverage - 4G and 5G mobile signal is available in the area we advise you to check with your provider
Broadband Availability – FTTC Ultrafast Broadband Speed is available in the area. We advise you to check with your current provider.
Local Authority - Warwick District Council
Construction type - Standard
Property Notes – There are restrictive covenants on the property. Please contact us for more information.

Tenure: Freehold | EPC: All D | Council Tax Band: Currently A’s and B’s
Flat 1 – EPC: D | Tax Band: A
Flat 2 – EPC: D | Tax Band: A
Flat 4 - EPC: D | Tax Band: A
Flat 5 – EPC: D | Tax Band: A
Flat 6 – EPC: D | Tax Band: A
Flat 7 – EPC: D | Tax Band: B
Flat 9 – EPC: D | Tax Band: B

For more information or to arrange a viewing, contact James Pratt at Fine & Country Leamington Spa.
Disclaimer

All measurements are approximate and quoted in metric with imperial equivalents and for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on.

The fixtures, fittings and appliances referred to have not been tested and therefore no guarantee can be given and that they are in working order.

Internal photographs are reproduced for general information and it must not be inferred that any item shown is included with the property.

Whilst we carryout our due diligence on a property before it is launched to the market and we endeavour to provide accurate information, buyers are advised to conduct their own due diligence.

Our information is presented to the best of our knowledge and should not solely be relied upon when making purchasing decisions. The responsibility for verifying aspects such as flood risk, easements, covenants and other property related details rests with the buyer.

INFORMATION FROM THE AUCTION HOUSE:

Please note that all marketing including property description and imagery has been provided by the introducing agent. The Auction Company strongly recommends interested parties arrange an in-person viewing (strictly by appointment only) to fully appreciate all the property has to offer and to satisfy your own requirements.

Method of Auction:

- This is a ‘Timed Online’ auction, meaning bidding takes place online.
- Visit The Auction Company website find the property details and the bidding method.
- How long the bidding process is open for, is clearly stated as is the closing date and end time.

Registering to bid:

- In order to bid on the property, you are required to register your details.
- You will be required to undertake identity checks as this is the law.
- You will be required to register your payment details. This is to ensure you have funds available to settle the Buyer’s Premium and deposit.
- A hold/shadow will be placed on £1,000 for this.
- If you place a bid, it is deemed you have read, understood and agree to the Terms and Conditions of The Auction Company in their entirety.
- T&Cs, Buyers Terms and Special Auction Conditions are found on each property details. You must read these before bidding.

Auction type - Traditional Method of Auction (Unconditional):

- If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end and complete with 28 days.
- The held amount of £1,000 will be deducted from your account and forms the Buyer’s Premium minimum amount.
- You will be contacted within 2 hours to settle the deposit amount payable and any remaining Buyers Premium due. Failure to make the payments you will be in breach of our auction terms.
- The Buyer’s Premium is set at 4% + VAT (£5,000 + VAT minimum). This is non-refundable and does not constitute towards the cost of the property.
- The deposit amount is 10% of the sale price and will be collected within 2 hours of the close of auction.

Legal Pack:

- The legal pack is a set of documents that relate to the property and the sale of it.
- It is highly recommended that you download and consider the provided legal pack for the property you are interested in bidding on.
- It is also advisable that you seek legal advice regarding the content of the legal pack, to ensure certainty before bidding.
- To download the legal pack, search for The Auction Company website and find the property of interest. There is a tab for ‘legals’ where you will find the documents. To download, you must create a free account with The Auction Passport.
- The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

Special Conditions of Sale:

- These conditions are not set by The Auction Company. They are conditions stipulated by the seller and are contractually binding.
- You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Council Tax Band

A