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3 bed Flat For Sale £200,000
West Bar Street, Banbury OX16


Description
Offered with the freehold to the building this duplex apartment has lots of period features in the centre of town.

C Grade 2 listed, this stunning apartment is offered together with the Freehold to the building.

The property is set over two levels with bundles of character throughout. Three double bedrooms and a superb living room with vaulted ceiling are fabulous features of this property with plenty of wooden beams and lots of ceiling height. There is a separate kitchen, separate WC, master en-suite and separate second bathroom with Jack 'n Jill access.

There is also a shared courtyard with Apartment 1 (below) for outside space.

There is no EPC required for this property as it has an exemption as a listed building.

No onward chain.

For investors the current rental is 1,000 pounds a month.

The courtyard and downstairs corridor are shared between the two apartments – the ground floor Flat 1 leaseholder and the Flat 2 owner both have the right to use the courtyard e.g. To store the bins, bicycles, grow plants in pots etc.

The freehold is being offered within the sale and called 'gcal' who are the freeholders for the entire property. Flat 2 including the freehold for the entire property.

The Ground Rent was set when Flat 1 was sold as a leasehold property – it is included in Flat 1's purchase lease.

The Service Charge general conditions are also included in the lease for Flat 1, and the actual charges are set each year for both properties by the freeholders, based on what repairs/renovations/refurbishments are required to maintain the shared or common areas of the building and also the building insurance premiums to insure the entire building.

Common areas of the property include the external walls (and any internal structural walls), the external roof/chimney, external drainage/water pipes and gutters, external electrical cables, the shared corridor and front door, and the shared courtyard.

The cost of this and hence the Service Charge is a variable amount depending on what work has had to be done in the previous year; Service Charges are split for the year between the two apartments, on a one third for Flat 1, and two thirds for Flat 2 (based on their relative size and value) although Flat 2's Service Charges are effectively nominal as we are the freeholder anyway.

There are no ongoing contracts in place for any maintenance or repair work.

Follow the link for more information:
        
zoopla.co.uk

  
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