2 bedroom Flat For Sale

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £110,000

Tenanted Investment Opportunity - Sold Subject to the Existing Tenancy

Offered for sale by auction is this tenanted apartment, providing an immediate rental income and an attractive opportunity for landlords and property investors.

The property is currently let at £1,025 per calendar month on an APT and will be sold subject to the current tenancy.

Key Information
- For sale by modern method of auction (terms and conditions apply)
- Currently tenanted
- Rental income of £1,025 pcm
- Let on an APT
- Sold subject to the existing tenancy

The photographs used in this listing were taken prior to the commencement of the current tenancy and may not reflect the property's current condition, contents or appearance.

Viewings are strictly by appointment and subject to reasonable notice being provided to the tenant.


LEASEHOLD INFORMATION Lease term: 999 years (less 5 days) from 25th December 2004
Ground rent: £300 pa (reviewed every 21 years by £150 pa)
Service charge: £3,200 pa

Please note that the development requires remedial work for fire safety. No EWS1 certificate is currently available.


THE APARTMENT
KITCHEN

3.14m x 2.42m (10'4" x 7'11")
A fitted kitchen with white units and grey work surfaces. Appliances include an electric oven and hob, dishwasher, washing machine, integrated microwave and large fridge/freezer.

LIVING/DINING AREA

6.28m x 3.30m (20'7" x 10'10")
A spacious open-plan living and dining area featuring floor-to-ceiling windows, allowing plenty of natural light into the room. Finished with wood-effect laminate flooring and neutral décor, with ample space for both lounge and dining furniture.

BEDROOM ONE

3.80m x 3.30m (12'6" x 10'10")
A generously sized double bedroom featuring grey carpeting and neutral white and grey décor.

BEDROOM TWO

3.30m x 2.64m (10'10" x 8'8")
A well-proportioned second double bedroom with a full-length window providing excellent natural light. Finished with grey carpeting and white-painted walls, with a built-in wardrobe.

BATHROOM

A fitted bathroom featuring a white three-piece suite comprising a WC, wash hand basin and bath with shower over. The room is finished with white wall tiling, dark blue painted sections and tiled flooring.

Approximate total floor area: 63.8 sq m (687 sq ft).

All measurements are approximate and are provided for guidance and display purposes only.

AUCTIONEERS ADDITIONAL COMMENTS Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.
These prices are subject to change.



An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.