Flat
DRAFT DETAILS
A good size two bedroom apartment in a popular and convenient location.
A spacious first floor apartment located in a residential area within Newark. Well placed for a range of local amenities including shops, take-aways, parks and schooling.
Easy access to Newark town centre.
The property is in general good order and benefits from gas central heating and UPVC double glazing. It has its own garden to the rear and due to planning, there will be parking to the front.
Thought suitable as a potential investment opportunity with a estimated rental value of £495 per calendar month/£5940 per annum and a return of approximately 10% at the current guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
With stairs rising to first floor.
With radiator, airing cupboard and window to front aspect.
With radiator, gas fire and window to front aspect.
With a range of base and wall units, sink unit, built in oven, hob and extractor. Window to rear aspect.
With built in wardrobe, radiator and window to front aspect.
WIth radiator and window to rear aspect.
With white suite comprising Low flush w.c. wash hand basin and panel bath with electric shower over. Part tiled walls and window to rear.
The flat has its own garden to the rear which is mainly lawned. As part of planning permission to build a house to the side of the flats, parking will be instated to the front of number 53.
Length of lease: approximately 87 years remaining Current ground rent: £190 per annum Ground rent review period: TBC Current service charge: TBC Service charge review period: TBC
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold. Vacant possession upon completion.
92
£190
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
