Flat for auction in Leominster

Description

INVESTMENT OPPORTUNITY

Offered for sale at a realistic guide price and situated in the beautiful historic market town of Leominster is this first floor, two bedroom flat, arranged over two floors in need of modernisation throughout. The spacious property is within close proximity to the comprehensive range of amenities the town has to offer as well as being within easy access to the train station. The property is situated in the towns conservation area and has accommodation offering: two rooms and a bathroom to the first floor and two rooms to the second floor, lending itself to reconfiguration if required.

Accommodation

Ground floor communal entrance hall provides access to:

First floor entrance door and entrance hallway

Room one
4.26m max x 3.01m

Room two
4.32m max x 3.01m

Bathroom
1.80m x 1.59m

Stairway leads to the second floor

Room three
4.49m max x 3.02m

Room four
6.44m with reduced ceiling height x 3.01m

Tenure

Leasehold

Lease Length

99 years from 25 May 1988

Service Charge

Approximately £300 per annum - Ground Rent £30 per annum

Occupancy

Vacant posession upon completion

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 1.2% of the purchase price (subject to a minimum of £1,500 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.

Addendum

Prospective buyers are referred to special condition 13 and to the documents in relation to the works required and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.