Apartment
Available is this two bedroom apartment. The apartment is situated on the second floor which is accessed via the communal stairway.
The property benefits from electric heating, double glazing and residential parking.
Entering the apartment the hallway provides access to all rooms and benefits from a storage cupboard. The lounge/kitchen is a spacious living area with two windows allowing for natural light. To the rear of the room the fully fitted kitchen with a range of wall and floor units and integrated appliances, consisting of an oven, hob, extractor and sink with drainer. Both bedrooms are carpeted and double in size. The bathroom comprises a panelled bath, low level w/c and hand wash basin.
This property is ideal for those investors looking to add to their property portfolio. It is sold with a tenant in situ, currently paying £550 per calendar month.
Construction Material: Standard brick. Services: TBC. Heating: Room heaters, electric. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as high in this area. Satellite and Cable - BT and Virgin show as available in this area.
We have been advised by the seller the lease is 125 years from 1st January 2006. The ground rent is £221.51 per annum and is reviewed every 5 years. The service charge is £1,373.22 per annum and no review period specified. Please note this has been provided by the seller and will be confirmed in the lease documents within the legal pack.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
