Leasehold
Tenure: Leasehold, 87 years remaining
The Property
Viewing is highly recommended to fully appreciate this spacious City Centre apartment with stunning views available with immediate vacant possession. Being accessed via a secure entry door with a lift rising to the accommodation which includes a large lounge dining room, good size kitchen, three double bedrooms, refitted bathroom and refitted shower room. The property is an ideal investment purchase with a remaining lease of 87 years and an annual ground rent of £10. Possibility of extending the lease by 90 years upon completion.
Entrance
Being accessed via a secure entry door with a lift rising to the accommodation.
Living / Dining Room
14‘ x 13‘ 1”
A large reception room with twin double glazed windows, central heating radiator, power, television point and ceiling light point.
Shower Room
6‘6“ by 5‘8“
A refitted shower room having a fully tiled shower cubicle with attachment shower over, pedestal wash basin with mixer tap over, low-level WC, tiled floor and for height tiling to walls and ceiling light point.
Kitchen
16‘10“ x 7‘6“
A good size kitchen with roll top worksurfaces to two sides incorporating single drainer stainless steel sink unit with mixer tap over, inset four ring gas burner hob with integrated oven below and fan/light over, a range of base units, drawers and wall mounted cupboards, space for freestanding fridge freezer, space and plumbing for washing machine and tumble dryer, wall mounted Vaillant combination boiler, double glazed window, tiling to floor and tiled splash backs to walls, power and ceiling light point.
Bedroom One
19’5” x 8’9”
A double bedroom with a double glazed window, central heating radiator, power, ceiling light point and double glazed door leading to the enclosed balcony.
Bedroom Two
14’2” x 9’4”
A double bedroom with a double glazed window, central heating radiator, power and ceiling light point.
Bedroom Three
10‘2“ x 10‘1“
A double bedroom with a double glazed window, central heating radiator, power and ceiling light point.
Bathroom
6’5” x 4‘4“
A refitted bathroom having a panelled bath with mixer tap and rain shower over, pedestal wash basin with mixer tap over, tiled floor and full height tiling to walls and ceiling light point.
Current 68/ 72 potential
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £5,382 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.