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£25,000 Guide Price

1 Bedroom Apartment

The Parade, Potter Street

Key Features

  • one bedroom apartment
  • no upward chain
  • ideal investment opportunity
  • vacant possession
  • council tax band a
  • leasehold
  • service charge £2,774.80
  • ground rent £250
  • council tax: a

Property Description

OPEN PLAN KITCHEN/LIVING AREA 11' 3" x 15' 9" (3.44m x 4.82m) Front facing window, electric wall mounted heater, telephone and TV aerial points, The kitchen comprises, base units, roll edged worksurfaces with inset stainless steel sink and drainer unit with mixer tap, four ring electric hob with chimney extractor above and electric oven beneath.  

BEDROOM 12' 2" x 10' 3" (3.71m x 3.13m) Front facing windows and wall mounted electric heater.  

SHOWER ROOM With a step in shower cubicle, electric shower, pedestal wash hand basin and low flush WC. 

AGENT NOTES Tenure of the property is Leashold.

Lease Start Date  18/03/2015
Lease End Date  19/03/3014
Lease Term  999 Years From 19 March 2015
Lease Term Remaining  991 years

We have been informed that the ground rent is £250 per annum and the service charge is £2944 per annum 

AUCTIONEERS 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.

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 of up to 6% inc VAT (subject to a minimum of 6,000 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.

 
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