Available
land
Apartment for auction in Ware
Property Description
Description
A studio apartment at River Meads, in Stanstead Abbotts. This second floor apartment benefits from a useful loft space and allocated residents parking. Internally, the apartment requires some cosmetic updating and more images will be added soon.
The lease has 59 years left and will provide an investor with an opportunity to add significant value. The management company have estimated the cost of a lease extension at approximately £26,000 leaving plenty of room, for a profitable resale.
Stanstead Abbotts itself benefits from numerous village amenities and is close by St Margaret's train station which serves both, Ware, Hertford East and London Liverpool Street.
Accommodation
Second Floor
Studio, Kitchen, Bathroom and Internal Hall
Tenure
Leasehold
Lease Length
59 year remaining
Service Charge
£1781.09 per annum
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £1,800 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
General
Draft Sales Particulars
These sales details are awaiting vendor approval
Leasehold Information
Term, 99 years from 1 March 1986. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
A studio apartment at River Meads, in Stanstead Abbotts. This second floor apartment benefits from a useful loft space and allocated residents parking. Internally, the apartment requires some cosmetic updating and more images will be added soon.
The lease has 59 years left and will provide an investor with an opportunity to add significant value. The management company have estimated the cost of a lease extension at approximately £26,000 leaving plenty of room, for a profitable resale.
Stanstead Abbotts itself benefits from numerous village amenities and is close by St Margaret's train station which serves both, Ware, Hertford East and London Liverpool Street.
Accommodation
Second Floor
Studio, Kitchen, Bathroom and Internal Hall
Tenure
Leasehold
Lease Length
59 year remaining
Service Charge
£1781.09 per annum
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £1,800 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
General
Draft Sales Particulars
These sales details are awaiting vendor approval
Leasehold Information
Term, 99 years from 1 March 1986. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Property Features
- Investors - Lease Extension Opportunity
- Requires Cosmetic Updating
- Prime Location & Demand For Resale
- EPC Rating: C
Available
£85,000+
Guide price — final price set at auction
60 River Meads
Stanstead Abbotts, Ware
Hertfordshire SG12 8EF, Bedfordshire SG12 8EF
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