Garden Flat in Need of Renovation, Wharfdale Road, Parkstone BH12 - Leasehold
Guide Price £100,000 to £145,000 * Buyers Premium Applies
For sale by public auction.30/09/2021.
Auction venue: Now Accepting New Instructions for our September 2021 Auction - Enquire Today .
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Guide price - £125,000 to £145,000
Town & Country Property Auctions are delighted to offer for sale by auction this first floor flat with private garden and garage in the popular residential area of Parkstone, Poole BH12. The property does require some light renovation and but offers spacious accommodation and excellent potential. The property is offered vacant possession on completion and viewing is highly recommended.
Property features
First Floor Flat
. Two Double Bedrooms
. Lounge/ Diner
. Off Road Parking
. Private Rear Garden
. Garage
. Vacant Possession
Leasehold information
Tenure: 77 Approx. Remaining
Ground Rent: £350 Per Year
Service Charge: £934.50 Per Annum
Lease extension
Due to the length of lease the seller will serve the required notices to allow the new owner to extend the lease on completion should they wish. The lease extension costs terms have been confirmed by the freeholder as follows:
New Lease Term: 125 Years
Revised Ground Rent: £125 Per Annum
Service Charge: £934.50 Per Annum
Renewal Cost: £14,850 as of the 17th June 2021
Arrange A viewing
Due to the covid-19 restrictions all viewers must wear protective gloves, face masks and follow social distancing rules when viewing this property. Children under the age of 18 are not permitted to view.
Buying with A mortgage / proof of funds
You must ensure that you have the ability to purchase the property before viewing. You will be asked to provide proof of funds if a cash buyer or a mortgage decision in principle if purchasing with a mortgage. If buying with a mortgage we suggest conducting a survey prior to the auction to ensure your lender is happy to lend. The winning bidder will be subject to paying our buyers premium and a 5% deposit which is non refundable.
Tenure
Leasehold
unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit and a 2%+VAT (subject to a minimum of £6,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).