2 bed flat for sale

Mayhill Way, Gloucester GL1

A perfect investment opportunity with tenants in situ for a landlord, or with the option to purchase as vacant possession, a great purchase for first-time buyers wanting to join the property ladder!

Perfect for a first-time buyer or investor, this lovely two-bedroom apartment located in the popular area of Pillowell Drive, benefits from a quiet third-floor location (with lift access), away from the hustle and bustle as well as being a short walking distance from Gloucester Royal Hospital & Gloucester Quays and City Centre; whilst also benefiting from the proximity of easy access to railway lines and bus routes.

This beautifully presented apartment boasts an open-plan kitchen and living space. This property also comes with an allocated parking space.

A large double bedroom is accompanied by a single bedroom and a family bathroom with a shower over the bath.

Additional Information -
Tenure: Leasehold
Leasehold information: 999 years from 1 January 2002 (978 years remaining)
Annual Service Charge: £2,496 per annum (£208 pcm)
Annual Ground Rent: £84.96 every 6 months
Current Rental Price: £10,800 per annum (circa £900pcm)
Floor Area: 59sqm
Gas Central Heating throughout
Building built: 2002
EPC: Rating D
Council Tax Band: B
Maximum Rental Achievable: £11,400 per annum (circa £950 pcm)

Modern Terms & Conditions -
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 winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 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 sale 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, provide card and solicitors 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 the guide price.