Spencer Court, Britannia Road, Banbury

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £60,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Situation - BANBURY is conveniently located only two miles from Junction 11 of the M40, putting Oxford (23 miles), Birmingham (43 miles), London (78 miles) and of course the rest of the motorway network within easy reach. There are regular trains from Banbury to London Marylebone (55 mins) and Birmingham Snow Hill (55 mins). Birmingham International airport is 42 miles away for UK, European and New York flights. Some very attractive countryside surrounds and many places of historical interest are within easy reach.

The Property - 65 SPENCER COURT forms part of this well served complex of retirement apartments situated in the town centre. This is a third floor apartment and is complemented by a range of communal facilities, House Manager, closed circuit television for security, and there are south facing gardens to the rear.

A floorplan has been prepared to show the room sizes and layout of the property as detailed below. Some of the main features are as follows:

* A third floor two bedroom retirement apartment.

Brand New Carpets Throughout.

Brand New Bathroom.

Re-decorated Throughout.

* Close to all the town centre amenities.

* Within walking distance of the railway station.

* Communal lobby and entrance where there is a Manager's office, access into the communal residents lounge and kitchen. A short walk to the communal laundry and lift to the upper floors.

* Private L-shaped hall with door to the sitting room with window to front.

* Kitchen with a range of base and eye level units incorporating a built-in oven and hob, space for fridge and freezer, window to front.

* Main double bedroom with window to side and second double/large single bedroom with window to front.

* Bathroom with a suite comprising panelled bath with shower unit over and fully tiled surround, wash hand basin and WC, fully tiled walls, heated towel rail, wall mounted heated.

* Communal well tended south facing gardens.

* Communal off road parking.

Leasehold - The property is held on a 125 year lease which commenced on 01.12.1998.
Service charge is approximately £3,732.62 per annum. Ground rent £736.04 per annum

Services - All mains services are connected with the exception of gas.

Age Restriction - Residents must be over the age of 60 years or in the event of a couple purchasing one must be over the age of 60 and the other over 55.

Local Authority - Cherwell District Council. Council tax band C.

Viewing - Strictly by prior arrangement with the Sole Agents Anker & Partners.

Energy Rating: C - A copy of the full Energy Performance Certificate is available on request.



Auctioneer's Additional Comments - Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.