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Studio flat for sale
Flat 820, Churchill Place, Churchill Way, Basingstoke RG21 7AA
£65,000
Flat 820, Churchill Place, Churchill Way, Basingstoke RG21 7AA
£65,000
Our Summary
- For sale on 29 May 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- An excellent investment opportunity to acquire a high yielding (19% ROI) property in a modern purpose block of apartments, centrally located and generating a most impressive yearly rental income of £12,600
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
Description
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Here is a summary of the property description in a single paragraph:
A high-yielding studio apartment in a modern purpose block of apartments is up for auction, generating a yearly rental income of £12,600 and offering a superb yield of 18%+ against the guide price. The property is centrally located, close to shops and amenities, with a car parking space and a short walk to the railway station offering high-speed trains to central London. The apartment is in immaculate condition and is ready to be let to new tenants on April 24th, with a rent of £1,050 per month. The property is being sold on a leasehold basis with a ground rent and service charge review period to be confirmed in the lease documents. The sale is subject to SDL Property Auctions' Buyers Terms and includes a 5% deposit and non-refundable auctioneer's fees.