Key Features ¢ 2 Bedroom First Floor Flat ¢ Sold With Tenant In Situ ¢ Current Rental Income £800pcm “ 6.8% Yield Based On Guide Price ¢ Outdoor Storage Shed ¢ In Need of Decorating & Refurbishment ¢ Buyers Fee Applies ¢ Pre Auction Offers Considered ¢ Auction Pack Available On Request Description For sale by online auction is this 2-bedroom first floor flat is situated in a convenient and popular location in Farnborough, offering easy access to local amenities and transport links. Ideal for investors, first-time buyers, or those seeking a low-maintenance home. The property is being sold with a tenant in situ currently paying £800pcm. Each flat within the block has allocated external storage within an outbuilding. This property is within walking distance to local shops, schools, and Farnborough mainline station, making commuting to London and other nearby areas effortless. This flat is a fantastic opportunity for anyone looking for a well-located home in a vibrant community. Early viewings are highly recommended. Additional Information - Lease Length: 224 years (from 1982) 182 years remaining Ground Rent: Peppercorn Service Charge: For year end 2025, will be £987.40 Tenancy: Tenanted on a rolling contract. Tenants currently paying £800pcm Modern Terms & Conditions - This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the legal pack, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors. **Guide price - This is an indication of the sellers minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction. **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.