Flat
An excellent opportunity arises for a first time buyer or investor to purchase this well presented, one double bedroomed second floor apartment, ideally located within Derbys Cathedral Quarter.
Brought to the market with no upward chain and located minutes away from the vibrant city centre of Derby, the property benefits from uPVC double glazing, gas central heating and secure building entry.
Leading to -
18ft 11 x 11ft 2 (5.76m x 3.40m) max
8ft 11 x 6ft 11 (2.72m x 2.11m)
12ft 10 x 8ft 2 (3.91m x 2.49m)
6ft 11 x 6ft 2 (2.11m x 1.88m)
The apartment is located within a Derby City Council Parking Zone enabling the owner to purchase an annual parking permit.
The property is held on a 150-year lease with 143 years remaining as of March 2023. The current 2023 service charge is £3430.00 pa. Annual Ground Rent: £250.00. Managing Agents: Premier Estates Limited. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
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.
