Churchill Way, Basingstoke, Hampshire, RG21 7EN

This purpose built, one bedroom apartment presents a ready made investment opportunity, offered for sale by auction with a tenant in situ and producing a strong gross yield of 14.8%.

Well suited to investors seeking immediate income from completion, the property also holds broad appeal as a low maintenance home for future owner occupiers, subject to tenancy arrangements, thanks to its practical layout and allocated residents’ parking.

The surrounding area is popular with renters and owner occupiers due to its access to everyday amenities and convenient transport connections.

A range of local shops, supermarkets and leisure facilities are within easy reach, supporting strong ongoing demand for properties of this type.

Regular public transport services and nearby road links provide straightforward access to larger town and city centres, making the location practical for commuters and helping to underpin long-term rental appeal.

Auction   To be sold by online auction (unconditional) on Wednesday 30th September with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view   Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk.

Registration   All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure   Leasehold with tenant in situ. Lease   From 1 January 2019 expiring on 31 December 2168 - 142 years remaining.

Tenancies   Currently let at £1,050 pcm Ground rent and service charge   Please see legal pack for further details.

EPC rating   C Council tax band   B - Basingstoke and Deane Legal pack   For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors.

If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices   Guide Prices are provided as an indication of each seller's minimum expectation.

They are not necessarily figures which a lot will sell for and may change at any time prior to the auction.

Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees   A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price.

Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion.

Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit   If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller.

Both parties are legally bound to complete the transaction as per the special conditions in the legal pack.

Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit.

We will contact you after the auction has finished to make these arrangements.

Pre-auction offers   These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers.

Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance   We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding.

If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction.

Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Please note   All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot.

Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of His Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: .