Mayhill Way, GRH (Gloucestershire Royal Hospital), Gloucester, GL1

** For sale by online auction ** Pre-Auction offers considered **

A perfect investment opportunity with tenants in situ for a landlord, or with the option to purchase as vacant possession, a great purchase for first-time buyers wanting to join the property ladder!!

Perfect for a first-time buyer or investor, this lovely two-bedroom apartment located in the popular area of Pillowell Drive, benefits from a quiet third-floor location (with lift access), away from the hustle and bustle as well as being a short walking distance from Gloucester Royal Hospital & Gloucester Quays and City Centre; whilst also benefiting from the proximity of easy access to railway lines and bus routes.

This beautifully presented apartment boasts an open-plan kitchen and living space. This property also comes with an allocated parking space. 

A large double bedroom is accompanied by a single bedroom and a family bathroom with a shower over the bath.

Key Features to add:

- Buyers Fee Applies

- Auction Pack Available On Request

- Auction Date – Wednesday 30^th April 2025

ADDITIONAL INFORMATION

Floor Area: 59sqm
Option To Purchase As Vacant Possession
Maximum Rental Achievable: £11,400 per annum (circa £950 pcm)
Current Rental Price: £10,800 per annum (circa £900pcm)
Gas Central Heating throughout
Building built: 2002
Tenure: Leasehold
EPC: Rating D
Council Tax Band: B
Leasehold information: 999 years from 1 January 2002 (978 years remaining)
Annual Service Charge: £2469 per annum (£208 pcm)
Ground Rent: £84.96 every 6 months 

Modern T's & C's

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

 **Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Belvoir Estate Agency. Selling & Letting Residential Property across 170 Offices in the UK. 7,000 Property Sales. 60,000 Properties Under Management.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information, simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200.00, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to a variety of solicitors. We may receive a fee of £100 if you use their services.

EPC rating: D. Tenure: Leasehold, Service charge description: £208 pcm ,