Property Details - 2 Arnolds Way, Oxford

Sold for £44,500

Lot 5

This freehold ground rent investment consits of a block of eight apartments. The block is located within a mile and a half of Oxford with its travel connections and main line station that connects into London. Good road links are easily accessible including the M40 that provides access to the M25 London Orbital Motorway. Each flat is held on a 250 year lease from 1st April 2018, thus each having approximately 246 years unexpired terms. Each flat is paying a ground rent of £362,50 per annum, thus the overall income will be £2900 per annum and the investment is sold with the benefit of this income.

ACCOMMODATION

8 x Self Contained Flats

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Vale of White Horse Council
Flats vary in Council Tax between Bands B and C.

VIEWING TIMES

External Viewing Only. Please be courteous to occupants and neighbours.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

2 Arnolds Way, Oxford