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**FOR SALE BY AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 COMMENCING AT 1PM - SALE VIA A LIVE-STREAMED AUCTION**
** GUIDE PRICE £60,000 £80,000 **
** PLEASE CALL FOR VIEWINGS **
A fantastic investment opportunity presenting a vacant first-floor studio apartment offering a 120-year lease with 77 years remaining. Conveniently located within a five-minute drive to Milton Keynes central this property is situated in the heart of Two Mile Ash overlooking the local park. The accommodation is accessed via a communal entrance hall and comprises bedroom/lounge, kitchen, dressing area and shower room. There is parking to the front and access to local amenities with a bus service running from the end of the road. The property was previously let on an assured shorthold tenancy generating £600 p.c.m producing £7,200 per annum which gives a 12% yield.
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks
Entered via a part glazed door there are stairs rising to the first floor where there is access to this property
4.65m x 2.64m (15'03 x 8'08)
Window to the front there are doors to:-
2.72m x 1.88m (8'11 x 6'02)
Fitted with a range of floor and wall-mounted cabinets with a wood effect worktop and tiled splashback. There are space for appliances and a fridge/freezer with a window to the front elevation.
2.72m x 2.16m (8'11 x 7'01)
With storage and door to:-
2.67m x 1.24m (8'09 x 4'01)
Suite comprising tiled shower, WC and hand wash basin with a window to the side elevation.
There is communal parking to the front.
Please refer to Legal Pack
A term of 120 years from 01/01/1982 with 77 years remaining.
Ground Rent of £148 per annum
Communal Electric charge £4.12 every quarter
Insurance contribution £296.19
PLEASE REFER TO THE LEGAL PACK FOR CLARIFICATION AS STATED CHARGES ARE BASED ON INFORMATION PROVIDED BY THE SELLER.
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
The purchaser will be required to pay an administration charge of £1,800 (£1500 Plus VAT)
The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Milton Keynes City Council - Band A
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