Initial price	£185,000
04/12/25	£150,000
Price Change	-18.92%

This two-bedroom apartment is being sold via online bidding, with a starting price of £150,000. Located on the 4th floor of a former bank office on South Parade, the property has a grand staircase entrance and lift to all floors. The apartment is currently tenanted on a fixed-term contract until September 2026 at £1,100 per month. The property features an open-plan living area with large windows, a kitchen with integrated appliances, two double bedrooms, one with an en-suite shower room, and a main bathroom with a shower over the bath. The leasehold information includes a 999-year lease from 1999, with a ground rent of £260 per annum and a service charge of £2,813.42 per annum. The apartment is being sold with vacant possession at the end of the tenancy, providing an excellent investment opportunity. Viewings are strictly by appointment only, and bids can be made via the marketing agent or the auctioneer's website.