Long lease, parking and gym — investor sale with sitting tenant..
Sold at modern auction — buyer pays reservation fee
A compact one-bedroom apartment in a converted Georgian-style mill, presented as a modern, low‑maintenance rental unit. The flat sits on the second floor with an open-plan living/kitchen, double bedroom, contemporary bathroom and useful built-in hallway storage. Residents benefit from allocated off-street parking, visitor bays and on-site gym facilities which support rental appeal.
This lot is marketed to investors and is being sold with a sitting tenant via a modern auction. The property has a very long lease (978 years remaining), clear communal areas and straightforward mains services. Its courtyard aspect and good natural light from large windows make it an easy-to-let home for a single occupant or professional couple.
Buyers should note material costs and sale mechanics up front: there is a notable annual service charge (£1,846.95) and modest ground rent (£150). Heating is electric with wall-mounted heaters, which can increase running costs compared with gas; the building fabric is older stonework with assumed no cavity insulation. The property is offered at auction and the purchaser must pay a non-refundable reservation fee as part of the auction terms.
Risk factors relevant to investment due diligence: the sale is by auction and will be with a sitting tenant (investors only), there’s a medium flooding risk, and management fees apply. These factors affect short-term liquidity and running costs but are balanced by long lease length, low local crime, strong broadband, allocated parking and communal amenities that support rental demand.
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