Flat 820, Churchill Place, Churchill Way, Basingstoke RG21 7AA

This property has been postponed from the auction, but remains available. We expect the property to be re-entered into a future auction soon. Please contact the team for further information.

An excellent investment opportunity to acquire a high yielding (18% ROI) property in a modern purpose block of apartments, centrally located and generating a most impressive yearly rental income of £12,600.

New tenants are moving in on April 24th and will be paying £1,050 pcm in rent.

This immaculate studio apartment with an income in excess of £12k per year will be delivering a superb yield of 18%+ against the guide price and will be a fantastic addition for an investors portfolio or a most enviable property to start investing in BTL Investment properties.

The apartment is close to the main shops and benefits from a car parking space. The Railway station is a short walk away offering a high speed train to central London.

The property is centrally located with a wide range of transport links, shops and amenities close by.

Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Additional Information: Construction: Average thermal transmittance 0.25 (taken from EPC) Heating: Room heaters, electric. Coverage: Broadband - Standard and Ultrafast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.

Tenure: Leasehold

EPC Rating: D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.