1-1A Spencer Street, Leamington Spa, Warwickshire, CV31 3NE

Substantial town house in Leamington Spa

Guide price*

£675,000+

Plus fees

Withdrawn

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Lot 70 Mixed Use Residential Investment Residential Vacant
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Auction details:

Thursday 15th September 2022 @ 09:30AM

Live-streamed Auction

An Attractive Freehold Four Bedroom Town House Of Great Character, Having The Benefit Of Planning Permission To Create A 5 Bedroom HMO Or Potential For Alternative Uses Subject To Planning. Also Having Its Own Well Presented Self-Contained Basement Apartment, Extending in Total to Approx. 2,788 sq.ft. (260 sq.m.)

Property Description

The property comprises an attractive and spacious semi detached dwelling dating from the early/mid 19th Century, comprising on the ground floor hall entrance, dining room, lounge, garden room, kitchen shower room with WC. On the first floor there are three bedrooms, dressing room and the main family bathroom. On the second floor there is a large double bedroom with ensuite bathroom. In the basement and having access from the street or rear garden is a very well presented apartment (1a Spencer Street) having a well equipped kitchen, generous open-plan sitting/dining room, attractive bathroom, separate WC and double bedroom. There is an option to incorporate the basement apartment into the main house, with the creation of an additional stairwell. Outside there is a good size rear garden.

Location

The property is located fronting Spencer Street near to its merger with Avenue Road and being within easy walking distance of The Parade, Leamington Spa, with its excellent mix of shops, bars and restaurants. The property is located close to Leamington Station with easy access into London Marylebone and Birmingham, there is good access to the national motorway network via the nearby M40 and M42 and Leamington is well served by some excellent schools.

Energy Performance Rating

E & D

Council Tax Band

B

Tenure

Freehold – Vacant possession of the main house upon completion.
The separate basement apartment is currently let by way of an Assured Shorthold Tenancy at a rent of £1,000 per calendar month.

Planning

Planning permission, application number W/21/1495 was granted in respect of 1 Spencer Street by Warwick District Council on 18/2/2022, for change of use of existing 4 bedroom dwelling to a 5 bedroomed house of multiple occupation.
The Vendor has commissioned a Heritage Impact Assessment which will be available in the legal pack.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

Strictly by appointment with the Auctioneers.<0.5mm/>
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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