Flat 11 20 The Newarke, LEICESTER, Leicestershire, LE2 7BY
- Conditional Online Auction Sale
- Bedrooms: 1
Goto Auctions offer a second floor 1 Bedroom Apartment.
Description
The Property
Ideally located within close proximity to Leicester City centre and offering convenience of access to the city university and university hospitals, this one bedroom second floor apartment would suit first time buyers, investors, and professionals. The property offers a deceptively spacious living accommodation which briefly comprises of an entrance hall, open plan lounge diner with kitchen off-set, large double bedroom, and a fully fitted bathroom. Exposed floorboards also compliment the apartment throughout. A viewing is highly advised to appreciate the location, presentation, and space on offer with this attractive one bedroom apartment. Visit now to arrange your viewing.
The Apartment
Enter the apartment block via a secure entry intercom system where you are presented with a large communal entrance hall. Approach the second floor via a staircase and take your first entry left into another communal hallway where the property can be located on the left hand side.
Upon entering the apartment into its hall way, there is a storage heater, and doors leading to the lounge, bedroom, and bathroom. The lounge has a large double glazed window, two storage heaters an additional study/dining area which leads into the kitchen, and two wall lights.
The kitchen has a double glazed window, stainless steel sink with drainer and mixer tap, induction hob with electric oven and extractor hood to compliment, fridge freezer, washer/dryer, range of fitted wall and base units with roll edge worktops, and a tiled splash surround.
The bedroom has a large double glazed window, storage heater, and fitted double wardrobes. The bathroom has a panelled bath with shower over, Vanity sink unit with adjoining WC, extractor fan, and airing cupboard.
Location
The Newarke apartment block forms part of a warehouse conversion having The Soar Point bar on the ground floor and is conveniently located for access into the city centre, de Montfort University, Leicester Royal Infirmary, professional quarters and mainline railway station with links to London St Pancras, along with the Citys Cultural Quarter which includes the Curve Theatre and Phoenix Square Cinema, along with restaurants and shopping facilities found within a major city.
Lease Information
Purplebricks have been advised by the current occupier that the freehold is currently owned by Elmdon Real Estate LLP and can be contacted in writing at the following address:
Elmdon Real Estate LLP
Permanent House
133 Hammersmith Road
London
W140QL
The below leasehold charges have also been supplied by its current occupier:
Ground Rent Annually: £108
Service Charge: £160 per calendar month
The term of the current lease began on 01 June 2002 for a period of 125 years, offering 110 years remaining as of 01 June 2017.
General Information
The property was previously let out achieving a monthly rental income of £600.
Property ownership information
Tenure: Leasehold
Council tax band: A
Annual ground rent: £108.00
Ground rent review period: Every 1 year
Annual service charge: £1,920.00
Service charge review period: Every 1 year
Lease end date: 25/05/2127
EPC Rating
CURRENT 70/75 POTENTIAL
Opening Bid and Reserve Price
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.
Comments
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 £6,582 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.
Buyer's Administration Charge
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.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
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.
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