Apartment
A 1 double bedroom apartment in an extremely sought after location, close to the beach and Hilltop walks. With demand for rental property in the area in high demand this apartment will command a yearly rental figure in excess of £11k which represents a fantastic yield of 10% vrs the guide price.
The apartment is situated on the 1st floor, has a spacious lounge/diner and separate kitchen to go with a double bedroom, shower room and well maintained communal gardens.
Parking Arrangements:
We have been advised by the seller you can get 1 residents parking permit per property from Bournemouth Council, at £115 per permit per annum.
Accessibility:
Ramp access for wheelchairs, and lift to all floors.
Restrictive Covenants:
The seller has informed us; no holiday lettings, no air bnb, and no pets. Please refer to the legal for confirmation.
Viewings are available and come highly recommended to fully appreciate the opportunity on offer and to see just how superb the location is.
Construction Material: Standard brick. Services: All mains connected. Heating: Boiler, mains gas. Coverage: Broadband - Standard and Superfast is available in this location. Mobile signal - O2, vodafone, EE and Three show as high. Satellite and Cable - BT and Sky show as available in this area.
It is believed there are 99 years remaining on the lease, but please refer to the legal pack for confirmation. The seller has provided us with the following ground rent charges - £50 per annum until 28/09/2025, £75 per annum from 29/09/2025 until 28/09/2033, £100 per annum from 29/09/2033 until 28/09/2063. The have also advised the following maintenance charge payable to Right to Manage Company - £1258.94 per annum payable in 2 equal installments, March and September. Reviewed annually. Please refer to the legal pack for confirmation and further details on the lease.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
99
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.
