Guide price

£999,999

The Water Tower, Basingstoke, RG24

7 bedroom Land/Plot for sale, Basingstoke, Hampshire, RG24

Key Features

7 Bedrooms
5 Reception Rooms

Contact Your Move Basingstoke

01256 818 900

Ref: BAS210097

Guide price

£999,999

Ref: BAS210097

The Water Tower, Basingstoke, RG24

7 bedroom Land/Plot for sale, Basingstoke, Hampshire, RG24

Ref: BAS210097

Your Move Basingstoke

Property ref: BAS210097

01256 818 900

Tenure: Freehold
  • FREEHOLD OF TOWER BLOCK FOR SALE
  • FANTASTIC INVESTMENT OPPORTUNITY
  • FIVE APARTMENTS AND FREEHOLD
  • ALL FIVE APARTMENTS CURRENTLY TENANTED
Details
Tenure: Freehold
  • FREEHOLD OF TOWER BLOCK FOR SALE
  • FANTASTIC INVESTMENT OPPORTUNITY
  • FIVE APARTMENTS AND FREEHOLD
  • ALL FIVE APARTMENTS CURRENTLY TENANTED
Description:

Your Move are delighted and excited to welcome this stunning block of five apartments to the market for sale as a fantastic investment opportunity.

The current owner is looking to sell the freehold to The Watertower in Limes Park which consists of five apartments and the freehold of the block.

The annual rental income at present collectively is £54,900.

The apartments are as follows:

2a - two bedroom apartment
2b - one bedroom apartment
2c - one bedroom apartment
2d - one bedroom apartment
2e - two bedroom apartment

Location:

The Watertower is located within Limes Park which is situated in the North of Basingstoke. The Watertower is close to local amenities, schools, parks and Basingstoke Hospital. Basingstoke is a great commuter location thanks to its easy access to the M3 and A303 motorways and direct train links to London in around 45 minutes.

Auction Information:

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 3% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Room Measurements Notes
Auction InformationThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 3% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
2a - two Bedroom apartment
2b - one Bedroom apartment
2c - one Bedroom apartment
2d - one Bedroom apartment
2e - two Bedroom apartment
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Stamp Duty

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 1st October 2021. For more information on Stamp Duty Land Tax, click here.

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Your Move Basingstoke

Property ref: BAS210097

01256 818 900

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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

This calculator provides a guide to monthly payments and does not guarantee eligibility for a mortgage.

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Your Move, Basingstoke branch details

Your Move Basingstoke

12 New Street,
Basingstoke,
Hampshire,
RG21 7DE

01256 818 900

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.