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Flat 5, United Reform Church, Abergele Road, Colwyn Bay, Denbighshire LL29 7RU

Lot no: 25 Sold Prior to Auction
 

Guide Price £39,000+ plus fees

UnconditionalOn 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.

Wednesday 23rd October 2024

9.00am
Key Features
  • Three bedroom apartment
  • Converted Church premises
  • Potential ideal investment opportunity
  • Close to proximity to Beach and Promenade
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Sold Prior to Auction

Flat

Property Description:

A superb opportunity to purchase this spacious, three-bedroom apartment in a desirable and convenient location.

Situated in a former stone-built Church the property offers light and spacious accommodation with retained period features.

Located within the town centre of Colwyn Bay which offers a great range of shops, bars and restaurants, and only 200 metres from the beautiful beach and promenade.

An ideal holiday home or potential excellent buy to let investment with estimated rental value of £800 per calendar month, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Accommodation

Lounge/dining room, kitchen, three bedrooms and two bathrooms

Construction Material:

TBC

Broadband:

Standard - 17 mbps, Superfast - 80 mbps and Ultrafast - 1000 mbps available

Mobile Phone Coverage:

O2, EE, Three and Vodafone available

Leasehold Information

999 years from 1 November 2010. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£150

Unexpired Years

985

Annual Service Charge

£1,351


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply


Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

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.