Lower Cape, Warwick, CV34

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £215,000.

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.

A fantastic investment opportunity to acquire two self-contained one bedroom apartments with tenants in situ, perfectly positioned just moments from Warwick Hospital, picturesque canal walks, The Cape of Good Hope and local amenities.

This traditional Victorian mid-terrace property has been converted into two self-contained one-bedroom apartments and is offered for sale with tenants in situ, presenting an excellent opportunity for investors seeking an established income-producing asset.

Both apartments comprise a generous living room, separate fitted kitchen, double bedroom and bathroom. The ground floor apartment benefits from direct access to a private east-facing rear garden, whilst the first-floor apartment offers an excellent opportunity for a purchaser to modernise and add value over time.

Positioned in the ever-popular Lower Cape area, the property is ideally located within walking distance of Warwick Hospital, the picturesque canal and locks, The Cape of Good Hope pub and a Co-op convenience store. Warwick town centre, the railway station and excellent road links are also within easy reach, making this a consistently popular location for tenants.

Whether adding to an existing portfolio or acquiring a first investment property, this is a rare opportunity to purchase a freehold building comprising two apartments in a highly desirable rental location.

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.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

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.

Garden

Ground Floor Flat Garden