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Flat 28, Saxon Park, High Street, Albrighton, Wolverhampton WV7 3LZ

Lot no: 181 Re-entry to a future auction
 

Guide Price £10,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 30th May 2024

9.00am
Key Features
  • 1 Bedroom Retirement Apartment
  • Investment potential with Letting allowed in the Lease
  • Complex for over 55s
  • Additional communal rooms and grounds available
  • Located On The High Street Of Albrighton
  • Resident manager on site and 24hr emergency pull-cord system
  • Good transport links including the M54 and train station for Shrewsbury and Birmingham
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Re-entry to a future auction

Retirement property

Property Description:

A 1st floor apartment located within Saxon Park, an over 55s purpose built development.

This apartment is suitable for investors and homeowners alike as the lease allows for the property to be rented out to anyone over 55. So an excellent investment based on not only the guide price but also the excellent location of Saxon Park.

This 1st floor apartment has a lounge, kitchen, double bedroom and bathroom, to go along with some exceptional communal areas which include a lounge, laundry and well kept gardens. Additionally there is also an emergency pull cord system.

Albrighton Village offers enviable facilities including local shops, independent coffee houses, eateries and public houses. The village has its own rail station delivering access to Shrewsbury and Birmingham and transport links are further enhanced with the M54 close by.

Accommodation:
Lounge - 17ft 4 max x 14ft 6 max
Kitchen - 10ft 3 x 5ft 7
Bedroom - 12ft 1 x 9ft 1
Bathroom - 6ft 9 x 5ft 9
Additional Information:

Construction Material: Cavity wall, as built (taken from EPC) Heating: Electric storage heaters. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and EE show as high in this area, and Three and Vodafone as medium. Satellite and Cable - BT and Sky show as available in this area.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Electric
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Residents



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.