FOR SALE BY ONLINE AUCTION ENDING 2ND SEPTEMBER 2024 AT 12PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
A spacious SIXTH FLOOR apartment with LIFT ACCESS and INTERCOM ENTRY SYSTEM. Offering living space which includes a generous DUAL ASPECT lounge with FAR REACHING VIEWS, fitted kitchen, two bedrooms, bathroom and separate wc. Offering a competitive yield return in excess of 10% for investors. The location offers convenient access to local amenities and facilities as well as for access to transport routes and services which provide links to the surrounding areas.
Communal Entrance Accessed via residents key or via the intercom entry system. With lift and stairwell access to all floors.
Apartment Hallway With coving to the ceiling, two built in storage cupboards and a radiator.
Lounge 21'4" x 10'5" (6.5m x 3.18m). A spacious dual aspect lounge with two double glazed windows offering far reaching views, a radiator and a focal point feature fireplace with electric fire inset.
Kitchen 13'2" x 5'5" (4.01m x 1.65m). Featuring a range of wall and base units with work surfaces over, tiled splash back surrounds and incorporates a stainless steel sink with drainer and mixer tap fitting. Built in cooking appliances include an electric oven and hob with extractor over whilst under bench space is provided for the inclusion of a washing machine. Space is available for the inclusion of a free standing fridge/freezer. The kitchen has a double glazed window, a radiator and a built in storage cupboard.
Bedroom One 12'10" x 10'5" (3.9m x 3.18m). With a double glazed window taking in the far reaching views, a built in storage cupboard and a radiator.
Bedroom Two 12'8" x 10'7" (3.86m x 3.23m). A second double bedroom with a double glazed window, built in cupboard and a radiator.
Bathroom Equipped with a panelled bath with electric shower over and tiled splash back surrounds and a hand wash basin with tiled splash back.
Separate WC Equipped with a low level wc.
Tenure Sarah Mains Residential have been advised by the vendor that this property is leasehold, although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the tenure before proceeding to purchase the property.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3000 inc VAT. This does not form part of the purchase price.
More Information For further information please contact our auction department on 0191 4870011 or email auctions@sarahmains.com
Online Auction Notice I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 10 minutes of the closing time. After 10 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding. Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
Service Charge: £1080 per annum
Tenure Type : Leasehold
End Lease Date: 21/11/2131
Council Tax Band: A
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This is a Leasehold Property