Block of flats for sale in Victoria Avenue, Winton, Bournemouth BH9
Block of flats for sale - 7 bedrooms
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- Auction Date 28th October
- Investment Opportunity
- Large Gardens
- Cash Buyers Only
- Buyers Fee Applies
- Development Potential
- Auction Pack Available On Request
- Off Road Parking
- House Converted into Two Flats
- Needs Updating
Foxes Sales & Lettings are delighted to bring to the market this detached house which has been converted into two apartments. The property is being sold by online auction and is only available to cash buyers. The auction date is the 28th October.
The building backs directly onto Victoria Avenue Lawn Tennis Club and enjoys views of the tennis courts from the first floor windows.
Access to the property is from a drive at the front providing off road parking for several vehicles.
The ground floor flat has a private entrance at the front which leads into the entrance. Accommodation of the ground floor property comprises of a large lounge overlooking the gardens to the rear, a kitchen and three bedrooms with a shower room. There is also a lean to storage building on the side which can be accessed from the ground floor flat or the garden.
The first floor flat also has a private entrance which forms part of an extension to the front and side providing space for an entrance hall and a staircase to the first floor. The accommodation of the first floor flat comprises of four bedrooms, a lounge, kitchen and separate WC. There is also a large loft space which could potentially be converted subject to obtaining the necessary consents.
To the outside, the building sits within a reasonably good sized plot with a drive and garden to the front, garden to the right hand size and a large garden to the rear backing onto the tennis courts.
There are several options for a buyer to consider, such as:
* Keep the tenants in place
* Refurbish each flat to either achieve a higher rental income or to sell the properties on at a higher price
* Extend the property on the side and/or into the loft subject to getting the necessary consents
* Convert the property back into a house
* Redevelop the site subject to getting the necessary consents
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount.
Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of 4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the asking price. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ?legal pack?, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller?s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Foxes Sales & Lettings, and do not constitute property particulars. Please contact Foxes Sales & Lettings for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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