Apartment
DRAFT DETAILS
A first floor two bedroom apartment located above a parade of retail units in Ash Vale, Aldershot. The property is currently let on an assured shorthold tenancy to a long term tenant on a rolling basis paying £800 per calendar month. The tenancy agreement shows a rental income of £695 pcm. We have requested evidence of rental increase to the £800 pcm referred to in our marketing.
The village of Ash Vale is situated on the westerly edge of the Guildford district in Surrey, in Ash Parish, just a few miles from Farnborough. The Basingstoke Canal meets Ash and Ash Vale, whilst the River Blackwater feeds the lakes and fisheries of Ash Vale and Mytchett.
The areas surrounding Ash Vale have seen recent development within Guildford Borough; creating a diverse mix locally, from Victorian villas to brand new apartments.
The village extends north from Ash Wharf with an organic mix of property including character homes from the turn of the 20th century, 1920s and 1930s homes, 1970s and 1980's family homes and bungalows.
Locally, you will find several properties resting on larger than average plots, providing significant garden space and potential to extend subject to planning permission. Whilst there are also areas that date back to the Victorian times, with characterful terraced villas offering period features. The surrounding areas of Ash, Ash Green and Tongham have seen recent investment from both local and national developers, offering a diverse selection of new homes, from two bedroom coach houses to five bedroom detached homes. This combination presents vast appeal for first-time buyers, people looking for a family home, and buy-to-let investors.
Considering its prime location, within the London commuter belt, properties for sale in Ash Vale and the surrounding areas are reasonably priced when compared with neighbouring Surrey villages, towns and cities, such as Farnham and Guildford.
Length of lease: 24/06/1978 to 23/06/2077 Current ground rent: £75 per annum Ground rent review period: TBC Current service charge: TBC Service charge review period: TBC This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
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.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
