Block of Apartments
A superb investment opportunity to purchase 3 apartments offering an impressive return of 15% against the guide price with a potential income of approx £45k per year.
(2 apartments are currently let and the 3rd is in the process of being let out)
Three apartments each comprising of 2 bedrooms and 2 en-suites, all located on the first floor. Benefitting from being located in the centre of the picturesque market town of Bicester, and less than 8 minutes walk from Bicester Village and Bicester Village/North train stations. Bicester enjoys excellent transport links with direct trains to London and Birmingham and is 3 miles from junction 9, M40.
To be sold together, these recently refitted 2 bedroom apartments are located in the town centre close to amenities with each apartment being finished to a good standard.
Rental Income: £3,735 pcm £44,820 pa
Apt 1:
Rent £1,175 pcm (£14,100 pa)
Apt 2:
£1,260 pcm (£15,120 pa)
Apt 3:
Due to be re-let at £1,300 pcm (£15,600)
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite bathroom and bedroom two with ensuite shower room.
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite shower room and bedroom two with en-suite shower room.
Apartment consists of entrance hall, living/kitchen area, bedroom one with en-suite bathroom. From the hall, the stairs lead up to bedroom two with en-suite shower room.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is also our partner agent in the sale, and will receive part of any Reservation Fee as commission. If you have any queries regarding this, please contact us for further information.
These sales details are awaiting vendor approval.
The lot is known at the land registry and on the contract as as '22 Sheep Street, Bicester (OX26 6TB)'.
Leasehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
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.
