Welch Way, Witney

THE PROPERTY:

Immaculate 2 bed flat with allocated parking.

Fully compliant

Gross yield 10%

Immediate vacant possession

Anticipated start bid c £135,000 - TBC

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This property is being prepared for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the VAT, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by an independent Auction House.

West Oxfordshire District Council - Tax band C
Tenure: Leasehold with remainder of a 125 year lease granted New Years Day, 2009.
Outgoings: Ground Rent - £300 per annum (1 Jan to 31 Dec each year – invoiced in advance in November). Doubles every 21 years with next increase due 2030. Service Charge paid half yearly in advance in December (most recent - £994.59) and June (most recent - £1,191.99) – most recent total for the year £2,186.50.