1 bed flat for sale

Smallthorn Place, Woodville DE11

Ground floor apartment offered by the modern mthod of auction - currently tenanted generating £7,800 per annum in rental income - double bedroom - lounge, kitchen and bathroom.

The property The apartment offers well proportioned living accommodation, overlooking an open green space, including kitchen, lounge, bedroom and bathroom.

The apartment is currently tenanted, generating £7,800 per annum.

Smallthorn Place is situated in the popular location of Woodville, which provides an array of shops, pubs and takeaways. The property is ideally located within easy access of major commuter links, such as the A511, A38 and A42.

Accommodation

entrance hall

lounge 11' 5" x 10' 9" (3.48m x 3.28m)

kitchen 8' 2" x 4' 11" (2.49m x 1.5m)

bedroom 14' 5" x 7' 10" (4.39m x 2.39m)

bathroom

auctioneer notes This property is for sale by Martin & Co Coalville powered by iamsold Ltd.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Lease details Lease terms 125 years from 1 January 2004,102 years remaining. We await information from our client regarding service charge and ground rent.