Lot 41

FREEHOLD INVESTMENT

67 Cromwell Road, Lynworth, Cheltenham, Gloucestershire, GL52 5DN
67 Cromwell Road, Lynworth, Cheltenham, Gloucestershire, GL52 5DN
Sold £165,000

Currently let at £9,599.20 per annum

Increasing on 1st April 2021 to £9,925.76 per annum

Cromwell Road lies between Priors Road (B4075) and Prestbury Road (B4632) close to Whaddon recreational ground and Cheltenham Town football club, as well as other local amenities. 67 Cromwell Road is a mid-terrace ex-Local Authority house situated in a popular area on the north eastern side of Cheltenham.

Ground Floor

Entrance hall, living room and kitchen/dining room.

First Floor

Three bedrooms and bathroom with W.C.

Outside

Gardens to front and rear.

Occupancy Agreement

The property is let under an Occupancy Agreement (commenced 28th July 1997) at a contractual rental of £184.60 per week rising to £190.88 per week with effect from 1st April 2021. The Agreement allows for annual increases (on 1st April) in line with the Retail Prices Index (RPI) plus 2%.

Auctioneer's Note

The property has not been inspected by the Auctioneers, the details and photograph have been provided by the seller. Interested applicants should rely on their own investigations to verify the information provided.

Viewings

There will be no internal viewings and interested applicants are requested not to contact the occupants direct.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/