Flat for auction in Loughborough

Description

A well presented and spacious ground floor apartment in a modern, purpose built development.

The apartment offers two bedrooms and parking and benefits from Gas central heating and uPVC double glazing.

Offered for sale as an investment opportunity and subject to the existing tenancy. Let on an assured shorthold tenancy to a good tenant at £800 pcm/£9600 per annum.

Well placed for local amenities and an easy walk to the Town Centre.

Long lease and low service charges make this an excellent investment opportunity.

Accommodation

Reception Hallway
With own private front door.

Lounge 4.11m x 3.42m
Having radiator, window to side and laminate wood flooring.

Dining Kitchen 4.02m x 2.73m
With base and wall units, sink, work surfaces, built in oven, hob and extractor. Wall mounted boiler and both window and door to side.

Bedroom One 3.04m x 2.73m
With radiator and window to side.

Bedroom Two 3.05m x 2.33m
With radiator and window to side.

Bathroom
Comprising low flush W.C. wash hand basin and panel bath with electric shower over. Radiator and extractor fan.

Outside
Well maintained communal gardens and residents car park.

Leasehold Information
Term, 999 years from and including 1 June 2017 to and including 31 May 3016. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Note to Buyers
We have not been provided with a leasehold sale pack or with evidence of rental increase. We are therefore not in a position to confirm the figures set out in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details
These sales details are awaiting vendor approval.

Tenure

Leasehold

Occupancy

Subject to a tenancy

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:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.