Flat
Property Description:
The property is positioned on a residential street close to all required local amenities and approximately 100 metres from the beach front. Transport links include M55 and M6 motorways as well as a network of local bus services. The property has previously been let at £75 per week and makes an excellent investment opportunity.
Reception Room
Kitchen
Bedroom
Adjoining Shower Room
With WC, wash basin and shower.
Leasehold Information
We have been advised by the vendor the ground rent is £150 per year, and the property is held on a 999 year lease from 15/07/2008.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Tenure:
Leasehold. Vacant possession upon completion.
Ground Rent
£150
Unexpired Years
984
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction 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.
