2 bed apartment to buy in WR1
18 Foregate Street, Worcester, Worcestershire, WR1 1DN
Online auction
- Being Sold via Secure Sale online bidding. Terms and Conditions apply
- Central City Location
- South West Facing, 1st Floor, lift and stairs access
- Corporate Tenancy with Guaranteed Rent to 2027 - £1,180pcm
- Open Plan Living Area
- Large Double Glazed Windows and High Ceilings
- Double Aspect Main Bedroom with Juliette Balcony
- Modern Dark Blue Kitchen
- 2 Large Double Bedrooms
2 bed apartment to buy in WR1
City Centre, 2 Bedroom, 1st Floor large modern Flat is being sold via an unconditional online auction. A well-presented and income-producing flat
offered for sale by auction with corporate tenants in situ, making it an ideal opportunity for investors seeking an immediate rental return. Sold with a
tenancy guaranteeing rent through to May 2027.
The south-west facing apartment comprises a bright and spacious reception room with an open-plan fitted kitchen, well-proportioned bedrooms, and a modern bathroom. The principal bedroom benefits from a double aspect and Juliette balcony, while the high ceilings and tall double-glazed windows create a grand and spacious feel throughout.
The flat is positioned on the first floor of the former 1958 Post Office building, where the impressive communal entrance hall and wide staircase continue to showcase the charm and character of its mid-century architecture. The property is currently occupied under a corporate tenancy agreement, providing an established rental income from completion.
Conveniently located close to local amenities, transport links, and shopping facilities, the property is well positioned for continued tenant demand and long term capital growth potential. This is an excellent opportunity for buy-to-let investors, portfolio landlords, and
cash buyers looking to acquire a ready-made investment with ongoing income.
The property is currently occupied under arrangements connected with Ministry of Justice accommodation services and is sold subject to existing occupational arrangements.
Internal access is unavailable and no viewings can be accommodated. The property will be sold as seen and prospective purchasers must rely on external inspection, the legal pack and their own enquiries.
Length of Lease: 188
Annual Ground Rent Amount: £75.00
Annual Service Charge Amount: £1,700.00
Summary
- Property Type: Apartment
- Bedrooms: 2
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: None
Floor Plan
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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