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Studio flat
DRAFT DETAILS
A studio apartment in Buxton, currently let producing £4,440 per annum.
This studio apartment is located on Eagle Parade, a short walk away from Buxton Town Centre. The property is ideally placed, surrounded by all necessary amenities and services including shopping facilities, transport links and a number of popular bars, pubs & eateries. Transport links include strong road links, a regular bus network and there are train services operating from Buxton Station, less than half a mile away.
Buxton is located in the borough of High Peak so there is an abundance of outdoor spaces surrounding the area, providing plenty of opportunity for outdoor activities. Buxton Park is closer and more convenient providing walking/cycling routes, the Pavilion Gardens and Buxton Leisure Centre is nearby.
We have been advised by vendor that the flat is situated at the quiet back of the building on the second floor and the sofa bed can be converted into a double bed or replaced by double bed. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
We have been advised that the property is let at £4,440 per annum and the tenant has paid upfront until the end of the year to the current vendor.
Lounge<br>Kitchen<br>Bedroom<br>Shower Room
Please be advised that the auctioneers have not personally inspected the property and the photographs have been supplied by the seller. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Length of lease: TBC
Current ground rent: TBC
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. Subject to tenancy.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
