Leasehold, 997 years remaining
Property description
Tenure: Leasehold, 997 years remaining
The Property
Oak Tree Court is a superb Retirement Living development built by award-winning retirement home specialist McCarthy and Stone specifically designed for the over 60’s. The property is situated in a central position within sought after Tenterden, within a short walk of the high street which offers a large selection of Boutique style shops, cafes and restaurant's, a large supermarket and other local amenities. The building has security entrance into the reception which has an on site Managed Office. The communal lounge has a feature fireplace, French doors leading out to the patio area and communal gardens, and a fitted kitchen area. Regular residents' social events are held which include movie nights and cheese & biscuit evenings.
With lifts to all floors, the apartment is on the first floor, with private entrance hall, double bedroom with heater, a walk-in wardrobe with hanging space and shelving. There is a shower room with large walk-in shower, vanity wash basin, WC and heated towel rail. The sitting room has TV & Sky TV points, double glazed window and door with glazed Juliet balcony, and overlooking the landscaped gardens. The Fully fitted kitchen with tiled floor and underfloor heating. Stainless steel sink, built-in NEFF appliances including oven and microwave oven, ceramic hob and extractor hood. Fitted integrated fridge/freezer dishwasher. There is an electrically operated window, tiled floor with underfloor heating. From the hallway there is a door to a walk-in utility area with NEFF washer drier, boiler and Vent Axia system.
Outside are beautifully maintained communal gardens and one allocated parking space.
Service Charges
Lease 999 Years from 2018
Ground Rent £425
Service charge covers the cost of all external maintenance, gardening and landscaping, external window cleaning, buildings insurance, water rates and security systems. All energy costs for the homeowners lounge and other communal areas are also covered in the service charge.
CURRENT 87/ 87 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.