1 bedroom apartment for sale

Investment Property - Ground Floor Flat with Garden Currently Arranged as Two Studios - Brand New Lease On Completion

Guide Price £50,000 * Buyers Premium Applies

For sale by public auction.unconditional online auction.

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Register on this lot today. The legal pack can be downloaded from our website, .

Town & Country Property Auctions are delighted to offer For Sale by Public Auction this one bedroom apartment with garden close to local shops and beaches. The property benefits from a private rear garden and is let currently on an assure tenancy agreement with the rent recently being increased to £750 Per Month. A brand new lease will be granted on completion with a ground rent of £150 per annum and a service charge of approx £1200 per annum. The property is sold as an investment property and the tenants will remain in situ after completion with the monthly rent paid to the new owner each month.

The property will be entered into our 30th January 2025 auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. One Bedroom Garden Flat Arranged as Two Studio Flats
. Private Garden
. Brand New Lease on Completion
. Council Tax Band: A
. Cash Buyers Only
. 28 Day Completion

ADDITIONAL INFORMATION
. Property Tenure: Leasehold
. Length of lease remaining: Brand New Lease on Completion
. Annual Ground Rent: £150
. Annual Service Charge: £622 Every 6 Months

The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 2%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.