Ground floor flat
A two bedroomed ground floor apartment requiring a scheme of refurbishment and situated within easy reach of Colchester city centre, University of Essex, local amenities and Hythe Train Station providing trains to London Liverpool Street.
The auctioneers have not inspected the apartment but believe it to comprise of a hallway, lounge/diner, kitchen, two bedrooms and bathroom.
The property is sold as seen. All services/appliances have not and will not be tested. All services have been switched off.
NOTE: Bidders will be required to pay a 10% deposit of £5,000 prior to auction before being authorised to bid. Payments will be returned to any unsuccessful bidders following the auction.
Cavity wall, as built, insulated (assumed) - Information taken from EPC.
Rivers and Seas - Low. Surface Water - Very low.
We have been made aware this property is in the Colchester, Distillery Pond conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Standard 16 mbps, Superfast 68 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
155 years less 10 days from 1 January 2004. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
See Legal Pack. Vacant possession upon completion.
- Heating Supply: Electric, Double Glazing
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.
