IDEAL INVESTMENT - CIRCA 9% YIELD.
CASH BUYERS ONLY
SOLD WITH TENANT IN SITU
A purpose built first floor apartment offered for sale in good general condition with own rear private entrance, situated in this highly convenient location close to transport links, station and shopping facilities.
Council Tax Band B.
A well-presented, purpose built, first floor 2 bedroom apartment situated in this highly convenient location close to most amenities and excellent transport links, ideal for commuters.
The property has been well-maintained whilst the also benefitting from having modern conveniences such as electric heating and uPVC double glazing. The property is currently let and generating circa 9% yield making an ideal investment opportunity.
There is a private rear entrance which opens in to the entrance hall which accesses all principal areas. A spacious lounge diner with feature display fireplace sits at the rear of the property which is adjacent to the two double bedrooms. There is also a re-fitted kitchen with modern units, stylish rose gold detailing, fitted electric hob and oven. Completing the accommodation is the refitted bathroom/WC which sits just opposite the kitchen.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
TENURE
Leasehold 113 years 9 months
Unexpired Years: TBC
Annual Ground Rent: £200
Ground Rent Increase: TBC
Ground Rent Review Period: TBC
Annual Service: £2,303.66
Buildings Insurance £221.94 pa
These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
ADDITIONAL INFORMATION
Materials used in construction: Ask Agent
For further information on broadband and mobile coverage, please refer to the Ofcom Checker online
Should a purchaser have an offer accepted on a property marketed by us, they will be required to complete an identification check in line with Anti Money Laundering Regulations. This is a legal requirement and is carried out via a specialist third-party provider. The cost is £60 inc. VAT per purchaser, payable in advance once an offer is agreed and prior to the sales memorandum being issued. This fee is non-refundable.
Tenure & Outgoings:
Lease 125 years from 12 May 2015
Service charge £2303.66 per annum
Ground Rent £200 per annum
Buidings Insurance £221.94 per annum.
