Oswald Road
Ref: Lot 32
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UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
28, Oswald Road, Oswestry, Shropshire, SY11 1RE
Rental Investment - A block of 5 modern apartments generating an income of circa £34,000 per annum.
Rental Investment - A block of 5 modern apartments generating an income of circa £34,000 per annum.
Description
A FANTASTIC INVESTMENT OPPORTUNITY OF 5 MODERN APARTMENTS In Oswestry town centre. Generating a generous income of circa £34,000 per annum from tenants, In brief, there are three one bedroom apartments and two, two bedroom apartments. Each apartment has its own kitchen, living room space, washing facilities, bedroom(s), bathroom(s). Currently let to tenants. This sale also includes the Freehold. There is an extra storage room and an enclosed garden. A FANTASTIC RETURN ON INVESTMENT - THIS PROPERTY MUST BE VIEWED!
Accommodation
Apartment 28 -
Entrance - Covered porch with wooden door leading into the open plan area.
Open Plan Kitchen/Living area - The kitchen area is fitted with a range of base and wall units with contrasting work surfaces over and benefits from a single bowl sink with mixer tap and drainer, integrated oven and four ring hob with an extractor fan over and a splash back, there is space for appliances and wooden flooring. The living area has two windows to the front, wooden flooring, built in shelving, a TV point and a radiator. A door leads through to the inner hallway.
Inner hallway - Doors lead to the bedroom and bathroom.
Bedroom One - Having a window to the rear and a radiator.
Bathroom - Fitted with a modern suite of panelled bath with shower over, wash hand basin and W/C on a vanity unit, heated towel rail and an extractor fan.
Apartment 28a -
Entrance hall - Having a door from the stairwell, a window to the side and a staircase leading to the landing.
Landing - Currently used as a hobby area with a window to the side and to the rear. A door leads off to the open plan kitchen/living area.
Open Plan Kitchen/Living Area - The kitchen area is fitted with a range of base and wall units with contrasting work surfaces over and benefits from a single bowl sink with mixer tap and drainer, integrated oven and four ring hob set on the island unit with an extractor fan over, there is space for appliances and wooden flooring. The living and dining area has a period feature fireplace with surround, a radiator, TV point, wood effect flooring and windows to the front and to the side.
Bedroom One - This spacious bedroom has a feature fireplace and surround, windows to both sides, a radiator and a door leading to the en-suite.
En-Suite - Benefitting from a modern white suite comprising a panelled bath with a shower over, W/C and wash hand basin, vinyl flooring, heated towel rail, extractor fan and a window to the rear.
Bedroom Two - Having a window to the rear and a radiator.
En-Suite - Comprising an enclosed shower cubicle, W/C and wash hand basin, vinyl flooring, extractor fan and heated towel rail.
Apartment 28b -
Entrance hall - With a door from the stairwell, a window to the side, and a staircase leading to the landing.
Open Plan Kitchen/Living Area - The kitchen area is fitted with a range of base and wall units with contrasting work surfaces over and benefits from a single bowl sink with mixer tap and drainer, integrated oven and hob with an extractor fan over. Integrated fridge/freezer, breakfast bar, part tiled walls, built in storage cupboard, space for appliances and wood effect flooring. The living area has a window to the rear and a period fireplace.
Inner Hall - Having a window to the side and a radiator.
Bedroom One - Having a window to the rear and a radiator.
Bedroom Two - Window to the front, a radiator, a TV point and wall mounted boiler.
Shower Room - Having an enclosed shower cubicle, low level W/C, wash hand basin, spotlighting and an extractor fan.
Apartment 28c -
Entrance - From the ground floor
Open Plan Kitchen/Living Area - Boasting lots of original features the kitchen area is fitted with a range of base and wall units with work surfaces over, sink with mixer tap and drainer and space for appliances. The living area has beautiful quarry tiled flooring and a double window overlooking the garden area. There is a radiator, TV point and a built in cupboard. Steps lead up to the inner hall.
Inner Hall - Having a window to the side and a radiator.
Bedroom - Having a window to the rear and a radiator.
Shower Room - Fitted with an enclosed shower cubicle, wash hand basin on a vanity unit, low level W/C, tiled flooring and an extractor fan.
Apartment 28d -
Front - A front door leads off from the rear garden area with stairs rising to the open plan kitchen/living area.
Open Plan Kitchen/Living Area - Fitted with base and wall units with work surfaces over, single bowl sink with mixer tap over, void for a cooker. The living area has a feature fireplace, a TV point and a window to the side.
Bedroom - Having a window to the side, a wall unit for storage and a sliding door leading into the en-suite.
En-Suite - Having a window to the side and benefitting from an enclosed shower cubicle, low level W/C and wash hand basin on a vanity unit and an extractor fan.
To the rear of the Property - To the rear of the property is an enclosed court yard, gravelled sitting area and a rear enclosed garden for communal sitting with a wall to the boundary.
Energy Performance Certificates
The properties each have their own EPC. Flat 28 is C rated with a rating of 71/78, Flat 28A is rated D with a rating of 63/75, Flat 28B is rated D with a rating of 60/67, Flat 28C is rated D with a rating of 65/72, Flat 28D is rated C with a rating of 71/72. The full EPC reports are available from the Oswestry Office.
The Council tax is payable to Shropshire County Council with each apartment having its own banding.
Additional Information: We are advised by the sellers that the property benefits from mains water, mains drainage, gas central heating to apartments 28, 28a, 28b, 28c and 28d.
The tenants have all been credit checked and are covered by Aviva rent protection (which will pay out rent if this is missed during the tenancy for at least 12 months / take a tenant to court for section 21/8 evictions if ever necessary. The property is also fully managed by Your Move Oswestry who have issued all of the necessary AST agreements.
A number of improvements have been made to the property including a new bathroom suite, new boilers with warranties. EPC’s for the 5 apartments currently valid until 2031/2032. Currently let to tenants. This sale also includes the Freehold.
Tenure
Freehold
Buyers Premium
* Plus 3% Buyers Premium plus VAT
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material Information
Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
Auctioneer Notes
The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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Rental Investment - A block of 5 modern apartments generating an income of circa £34,000 per annum.
£375,000 + fees
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£440,000 + fees
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£22,000 + fees
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£85,000 + fees
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A two bedroom detached in popular location.
£110,000 + fees
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£200,000 + fees
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£40,000 + fees
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