***POTENTIAL GROSS RENTAL YIELD OF AROUND 8%+***CHAIN FREE***SOLD VIA MODERN METHOD OF AUCTION***
A deceptively spacious, grade 2 listed, second floor apartment in the heart of Upton-Upon-Severn.
Flat 3, 15A Old Street sits in the heart of Upton-Upon-Severn, within walking distance of shops, eateries and much more.
This characterful property comprises of Entrance Hall, large lounge with double sash windows to the front, 2 double bedrooms, family bathroom and kitchen.
Upton-Upon-Severn is located approximately 10.4 miles from the city of Worcester, 14.2 miles from the town on Evesham, 7 miles from Malvern town and 3 miles from the M5 & M50.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% of the final purchase price including VAT. This is subject to a minimum of £6,000.00 including VAT. This secures the transaction and takes the property off the market. Fees paid to the Auctioneer are considered as part of the chargeable consideration for the property by HMRC and will be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by IAM Sold. The Reservation Fee is paid in addition to the final negotiated selling price.
4.60m x 3.53m (15'1" x 11'7")
Generous sized living area with double sash windows facing the front of the property.
3.58m x 3.30m (11'9" x 10'10")
The kitchen has a sash window to the rear of the property, storage cupboards and work surfaces on two walls.
2.29m x 1.22m (7'6" x 4'0")
The bathroom has a bath with shower over, hand basin and WC.
4.65m x 3.45m (15'3" x 11'4")
Bedroom 1 is a spacious double bedroom with a sash window to the front of the property.
4.37m x 3.40m (14'4" x 11'2")
Bedroom 2 is a spacious double bedroom with double sash windows to the front of the property.