1 Bed Flat For Sale

**INCREDIBLE VALUE** large balcony **ZERO GROUND RENT** extended lease **ALLOCATED COVERED PARKING** central city location **POTENTAL RENT OF £825PCM** possible 15% gross return

EPC Rating B.



Being sold via a modern auction method, where buyer fees apply – is this 3rd floor, 1 bedroom apartment.

Subject to a reserve amount and located on Millwright Street – the property offers well planned accommodation covering 372 sqft.

The open plan living area is a good size and benefits from floor to ceiling windows, which give access to a large, glazed balcony.

Off the entrance hall, is a fully tiled bathroom, a cylinder cupboard and double bedroom.

One allocated covered parking space is included – a rarity in this location.

The property has been rented since 2020 at £600pcm, but the potential rent is £825pcm.

The property requires fire remediation works, which will cost any purchaser in excess of £14,000 – as the current owners are non-qualified.

Under new legislation, we are obliged to provide the following information:-
Ground Rent - £0
Service Charge - £2,419pa – including buildings insurance charged at £635pa.
Council Tax - Band B
Lease Term - 196 years remaining
Heating – Electric, via a meter
Water - Mains connected, via a meter
Broadband - No issues to report
Mobile – No issues to report
Construction type – Brick
Building Safety – EWS B2 rated
Flood Risk:- No
Planning Permissions:- None

THE DEVELOPMENT:-
Ahlux House is a 2006 new-build development, located on Millwright Street and just behind Regent Street. It is a relatively small development, where most properties have large window openings and balconies - with the lucky few having allocated parking. There is a great deal of development happening in this area – with Victoria Gate and John Lewis being a short walk away.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties’ personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided.

The buyer will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Part Payment Deposit of 4.50% of the purchase price, subject to a minimum of £6,600.00.

This is paid to reserve the property to the buyer during the Reservation Period and is used as part-payment towards the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.

These services are optional.