£120,000 /Sale price

Bishopsgate House is a four-storey development set within secure gated grounds, with an electric entrance gate and allocated residents’ parking. The building also benefits from lift access up to the third floor.The setting is particularly appealing, positioned directly alongside the Coventry Canal with landscaped towpaths stretching in both directions. The nearby Canal Basin offers a choice of shops, restaurants, while the city centre and Coventry University can both be reached on foot in around 15 minutes.Located on the second floor, this apartment features two bedrooms, a bright living room with open-plan kitchen, and excellent natural light thanks to windows on three sides. Both bedrooms and the living space enjoy open views across the city and skyline.A standout feature is the generous private balcony just outside the front door, ideal for relaxing and making the most of the outlook. Inside, the flat also includes a bathroom, a useful store room, and a separate heater room. East-facing windows bring in the morning sun, and the balcony enjoys natural light throughout the day.The property comes with its own allocated parking space within the secure car park.We are advised that the property is leasehold of 125 years from 2009, meaning there is circa 109 years remaining. The ground rent is currently £100 per year, increasing to £200 after 25 years of the original lease for the following 50 years and thereafter £400 for the remainder of the term. The service charge is currently £1,448.54 per half year.Auctioneers Comments:This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the Reservation Period). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optionalEPC Rating: C Parking - Allocated parking