Flat
A one bedroom first floor flat situated within a busy residential area. The property is well suited to both buy-to-let landlords and first-time-buyers. Locally the property benefits from a selection of convenient shopping amenities as well as a popular community centre with a more substantial offering of amenities and recreational opportunities within Telford centre. Locally the area is well serviced with a local bus network with regular routes into the centre.
Please note: This property is being sold by receivers. We have been made aware that the original legal owner has raised a dispute with the lender, however the receiver's solicitors have confirmed that this will not prevent the sale to a prospective buyer.
Lounge, kitchen, bedroom, bathroom.
Please be advised that the auctioneers have not personally inspected the property, therefore room measurements will not be provided. 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: 125 years from 1 April 1996. 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.
Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The buyers fee on this lot will be 1% plus VAT of the sale price.
Leasehold. See legal pack.
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.
