Instantly explore your home, road, or area

"

SUMMARY
AUCTION SALE 12 April 2016 - For more information and legal documents visit our website barnardmarcusauctions.co.uk


DESCRIPTION
location:
Banbury lies some 20 miles north west of the county town of Oxford and Banbury itself is a thriving market town on the River Cherwell in Oxfordshire located off the M4 motorway (junction 11). The town is a significant commercial and retail centre for the surrounding areas with main industries in Banbury
including car components, electrical goods, plastics, food processing and printing. In addition to the road links, public transport links in Banbury include local bus routes with a train station at Banbury providing direct links to London Marylebone with a journey time of just over 1 hour. The property itself lies to the north east of town centre with Middleton Road leading into Bridge Street providing direct access to the shopping and recreational facilities at the town centre. Local shopping facilities are available nearby with a Tesco at Middleton Road.

description:
The property comprises an end terrace three storey building which was arranged as two flats and currently provides HMO (house of multiple occupation) accommodation totalling seven letting rooms together with communal facilities.

tenancy:
Five of the seven rooms are let on an Assured Shorthold Tenancy/Licence. Full schedule of tenancies is available from the auctioneers. The total current rents reserved are ?24,700 per annum plus two vacant rooms.

total current rent reserved:
?24,700 per annum plus two vacant rooms. ERV when fully let ?35,500 per annum

note:
Viewing is strictly and only by prior appointment. No casual callers will be permitted access.

Important Notice
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller?s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.




1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.