Freemantle Road, Rugby

SUMMARY
The property is being sold via modern method of auction and due to the length of lease cash buyers only, all viewings are arranged by appointment only so please call today to avoid missing out on this fantastic investment opportunity.


DESCRIPTION
Shipways are delighted to welcome to market this one bedroom maisonette which would make the perfect investment opportunity. The property is located in the highly sought after location of Bilton this property benefits from excellent public transport links, nearby schools, local amenities, and parks, making it an ideal choice for families and couples.

The property is situated on the first floor and comprises an ample sized entrance hallway, a generous sized lounge area which could also be used as a dining space also. The kitchen is also ample in size and benefits from top and bottom cupboard space and a breakfast bar space if required.

The bedroom is a large double bedroom benefiting from built in cupboard space, the main bathroom consists of bath with shower and toilet and sink basin.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent Note  
The Council Tax Band is A. 99 years term lease from 29 September 1985
Rent : £50 per annum rising to £150 and additional rent.

Annual Ground Rent: £50

Annual Service Charge: £1185.00

Entrance Hall 
Storage cupboard.

Lounge  13' 11" x 13' 9" ( 4.24m x 4.19m )
Double glazed window to rear, radiator.

Kitchen  13' 11" x 5' 10" ( 4.24m x 1.78m )
Top and bottom cupboards, integrated electric hob, oven, double glazed window to rear.

Bedroom One  10' 8" x 12' 4" ( 3.25m x 3.76m )
Double glazed window to side, fitted wardrobes, radiator.

Bathroom 
Shower, bath, sink basin, toilet.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.