Block of flats for sale in Stable Road, Bicester OX26

Summary
auction sale 21 May 2024 - Freehold Unbroken Block of Flats,
Mainly Let – One unit Vacant,
Current Rent Reserved £113,200 per annum,

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Description
Freehold Unbroken Block of Flats
Mainly Let – One unit Vacant
Current Rent Reserved £113,200 per annum.

Location:
The property is located in this residential area just to the north of Bicester Town Centre and the famous Bicester Village Outlet Village. It is ideally located for transport links being just off the Banbury Road with the A41 and M40 motorway both easily accessible. Bicester North rail station is within half a mile of the property which provides fast connections to London Marylebone and Birmingham Moor Street.

Accommodation/Tenancy
Flat 1 - Ground Floor One Bed Flat
EPC Rating: D - 32 sqm (344 sq ft)
Council Tax Band: A
Tenancy: AST expiring 23/05/24
Rent: £7,800pa

Flat 2 - Ground Floor One Bed Flat
EPC Rating: C – 49 sq m (527 sq ft)
Council Tax Band: A
Tenancy: AST expiring 05/09/24
Rent: £8,400pa

Flat 3 - Ground Floor One Bed Flat
EPC Rating: C – 51 sq m (548 sq ft)
Council Tax Band: A
Tenancy: AST expiring 09/09/24
Rent: £8,400pa

Flat 4 - Ground Floor One Bed Flat
EPC Rating: C– 32 sq m (344 sq ft)
Council Tax Band: A
Tenancy: AST Expiry date tbc
Rent: £7,000 pa

Flat 5 - Ground Floor One Bed Flat
EPC Rating: C– 23 sq m (247 sq ft)
Council Tax Band: A
Tenancy: AST expiring Feb 2025
Rent: £10,200 pa

Flat 6 - Ground Floor Studio Flat
EPC Rating: C – 32 sq m (344 sq ft)
Council Tax Band: A
Tenancy: AST expiring 12/12/24
Rent: £7,800pa

Flat 7 - Ground Floor Studio Flat
EPC Rating: D – 33 sq m (355 sq ft)
Council Tax Band: A
Tenancy: AST expiring 02/01/25
Rent: £7,800pa

Flat 8 - Ground Floor One Bed Flat
EPC Rating: D – 31 sq m (333 sq ft)
Council Tax Band: A
Tenancy: AST expiring 08/12/24
Rent: £7,800pa

Flat 9 - First Floor One Bed Flat
EPC Rating: D – 45 sq m (484 sq ft)
Council Tax Band: A
Tenancy: AST expiring 13/05/24
Rent: £7,800pa

Flat 10 - First Floor One Bed Flat
EPC Rating: D – 48 sq m (516 sq ft)
Council Tax Band: A
Tenancy: AST expiring 29/02/24 (holding over)
Rent: £7,800

Flat 11 - First Floor One Bed Flat
EPC Rating: C – 33 sq m (355sq ft)
Council Tax Band: A
Tenancy: AST expiring18/03/24 (holding over)
Rent: £7,800pa

Flat 12 - First Floor Studio Flat with Balcony
EPC Rating: C – 32 sq m (344 sq ft)
Council Tax Band: A
Tenancy: AST expiring 06/08/24
Rent: £8,100pa

Flat 13 - First Floor Studio Flat with Balcony
EPC Rating: C – 31 sq m (333sq ft)
Council Tax Band: A
Tenancy: AST expiring 31/10/24
Rent: £8,400pa

Flat 14 - First Floor One Bed Flat
EPC Rating: C – 31 sq m (333sq ft)
Council Tax Band: A
Tenancy: AST expiring 30/09/24
Rent: £8,100pa

Flat 15 - Studio Flat was used as Office
EPC Rating: Tbc
Council Tax Band: Tbc
Tenancy & Rent: Vacant

Description:
The property comprises an unbroken purpose built block of fifteen apartments (flat 15 currently utilised as an office) and was constructed in 2001. The block provides external areas for residents parking and offers
the opportunity for a buyer to consider enhancing the rent through further management or consider selling off individual flats for profit.

Total Rent Reserved:
£113,200 plus vacant possession of Flat 15

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.