Studio for sale

Lymington Road, New Milton BH25

Summary

**Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid 85,000** A neat and tidy first-floor studio flat located in a convenient position close to local amenities in New Milton. Ideal as a first-time purchase, investment property or low-maintenance coastal base.
The situation


The property sits in an extremely convenient location within New Milton, which itself falls within a prime location with the New Forest to the north and Barton on Sea to the south. This market town attracts families, drawn by its strong community, range of facilities, mainline station and schooling provision.

The town centre has a strong selection of shops, among them butcher, bakery, M&S Food and a traditional quality department store. Leisure facilities feature an arts centre with a programme of performances and workshops, health and sports centre with pool, recreation ground and skatepark. The property is also just a couple of minutes walk from Lidl Supermarket.
The property


Entering the building through the communal front door, a staircase leads up to the first floor and to the private entrance of the flat. The hallway offers a useful area for coats and shoes and gives access to both the bathroom and the main living accommodation.

Through the internal door, you enter the open-plan living and sleeping space. A large rear-facing window provides a pleasant north-westerly aspect over the car park and brings in good natural light. The room features a full run of fitted wardrobes along one wall, offering excellent storage, while still leaving ample space for a double bed and seating furniture.

A further door leads into the separate kitchen, which includes a range of wall and base units, space for a washing machine and fridge-freezer, a sink, oven with hob and extractor over, and another window overlooking the rear of the block.

The bathroom, accessed from the entrance hallway, comprises a WC, wash hand basin and bath with shower over and screen, along with a window for natural ventilation.
Outside


The flat on the first floor benefit from secure access via the communal front entrance, complete with an entry-phone system. The property also includes an allocated parking space located in the residents' car park at the rear of the building.

This Property currently has a Tenant-in-Situ paying 670 per month.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 989
Annual Ground Rent Amount: 1.00
Annual Service Charge Amount: 1,050.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.