Lodge Close, Banbury - Investment buyers only

An investment opportunity to acquire this two bedroom ground floor maisonette in a popular residential area on the south side of Banbury near the hospital, supermarkets and within walking distance of the town centre

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.

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

* Spacious two bedroom ground floor maisonette.

* Popular residential area on the south side of Banbury near the hospital and within walking distance of the town centre, railway station and supermarkets.

* Currently let and therefore available only to investors. Please see below for the tenancy details.

* Side door opens to the hall with doors to built-in cupboards.

* Open plan living/dining room with window to front.

* Kitchen with a range of base and eye level units in white incorporating a built-in oven, gas hob and extractor, space for fridge and freezer, wall mounted Gloworm gas fired boiler, window to front.

* Main double bedroom with window to rear and built-in double wardrobe.

* Second single bedroom with window to rear and built-in wardrobe.

* Bathroom with a coloured suite comprising panelled bath with mixer taps and shower attachment, wash hand basin and WC, window, door to built-in airing cupboard.

* Communal off road parking in an area a short distance from the property.

Tenure - The property is held on a lease which terminates on 29th September 2076 which therefore has approximately 50 years remaining. There is no service charge and there is a ground rent of £35 payable half yearly in advance due on 29th September and 25th March. The vendor is in the process of extending the lease by an additional 90 years which will mean the tenure will become 140 years and the ground rent will become a peppercorn rent.

Tenancy - The property is currently let via Anker & Partners under an Assured Periodic Tenancy Agreement and the monthly rent is £875 pcm.

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.

Anti Money Laundering Regulations - In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check. An administration fee of £30 plus VAT per applicant will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.

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