1 bed flat for sale

Waxlow Way, Northolt UB5

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid 185,000

Investment Opportunity - One-Bedroom Apartment with Tenant in Situ

sab Estates are pleased to present this well-maintained one-bedroom first-floor apartment, offered for sale by auction with a tenant in situ, generating an immediate rental income of 1,375 per calendar month.

Located within the sought-after Grand Union Village development in Northolt, the property comprises a spacious double bedroom, a bright and airy reception room with direct access to a private private terrace, a separate modern fitted kitchen, a contemporary bathroom, and a useful storage/utility room. A generous entrance hallway further enhances the practical layout.

Further benefits include underground residents' parking, well-maintained communal grounds, and a convenient location with excellent access to the A40 and A312, together with regular bus links to Greenford, Northolt and Southall. A range of local shops, amenities and open green spaces are also within easy reach.

Generating 1,375 per calendar month from an established tenancy, the property presents an excellent opportunity for buy-to-let investors seeking immediate rental income. Offered chain free, this is an attractive addition to any investment portfolio.

Early enquiries are highly recommended.

Council Tax Band: C
Tenure: Leasehold
Length of Lease: 102
Annual Ground Rent Amount: 125.00
Annual Service Charge Amount: 1,896.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.