2 bed Flat For Sale £73,000
Currently tenanted at £425 pcm . Chain free, 2nd floor, two Bedroom purpose built Apartment is situated in the heart of Torpoint. Just across the street from local shops and near by access to the Torpoint Ferry to Plymouth. Comprising of an entrance hall, lounge/diner, kitchen, two bedrooms and bathroom. The property benefits from uPVC double glazed windows throughout and gas central heating. A perfect opportunity for any Buy to let investor.
For sale by Conditional Online Auction.
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on sdl Auctions’ website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Auctions’ Buyers Terms (England & Wales) which are available to read on sdl Auctions’ website.
Auction type: Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
Auction Fees:
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of sdl Auctions, and will be in addition to any fees payable to us. Sdl Auctions has limited control over the content of the Special Conditions of Sale.
Deposit:
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
Payment Method:
When you register to bid, you will be prompted to provide your payment details to sdl Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
Legal Pack:
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on sdl Auctions’ website, and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, search for the lot on sdl Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, eig.
Torpoint could be described as the gateway to Cornwall. It is situated on a peninsula in East Cornwall, across the River Tamar from Plymouth. A car ferry connects Cornwall with Devon across the river and is still free for foot passengers and there is a small charge for cars travelling in the Plymouth direction. Close to the town is a pretty stretch of water known as St John’s Lake which has access to from the old marina, Ballast Pond, which is also next to the local sailing club. Torpoint offers nursery, primary schools along with a secondary school. You can also find a wealth of facilities a small town has to offer such as bus routes, shops, supermarket and health centre. For anyone wishing to explore the local area the picturesque former fishing villages of Kingsand & Cawsand as well as the coast line at Whitsand Bay are well worth a visit.<br /><br />
Communal Entrance (0m x 0m)
Stairs to all floors.
Hall (0m x 0m)
Doors to Lounge/Diner, Bedrooms & Bathroom. Intercom & fuse box cupboard.
Lounge/Diner (0m x 0m)
L Shaped 12' 2" (3.71m) x 7' 3" (2.21m) plus 8' x 5' 2" (2.44 x 1.58m). Double glazed uPVC window to front. Radiator & opening to kitchen.
Kitchen (0m x 0m)
Double glazed uPVC window to front. Range of wall, base & draw units complemented by roll edge works top & up stands. One & half bowl sink & drainer with mixer tap over. Spaces for cooker, fridge & washing machine. Wall mounted boiler and tile effect flooring.
Bedroom One (3.53m x 2.19m)
Double glazed uPVC window to front & radiator.
Bedroom Two (2.59m x 1.91m)
Double glazed uPVC window to front & radiator.
Bathroom (0m x 0m)
Shower over bath, with shower screen. Pedestal basin and Wc. Towel warmer & tiled effect flooring.
For sale by Conditional Online Auction.
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on sdl Auctions’ website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Auctions’ Buyers Terms (England & Wales) which are available to read on sdl Auctions’ website.
Auction type: Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
Auction Fees:
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of sdl Auctions, and will be in addition to any fees payable to us. Sdl Auctions has limited control over the content of the Special Conditions of Sale.
Deposit:
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
Payment Method:
When you register to bid, you will be prompted to provide your payment details to sdl Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
Legal Pack:
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on sdl Auctions’ website, and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, search for the lot on sdl Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, eig.
Torpoint could be described as the gateway to Cornwall. It is situated on a peninsula in East Cornwall, across the River Tamar from Plymouth. A car ferry connects Cornwall with Devon across the river and is still free for foot passengers and there is a small charge for cars travelling in the Plymouth direction. Close to the town is a pretty stretch of water known as St John’s Lake which has access to from the old marina, Ballast Pond, which is also next to the local sailing club. Torpoint offers nursery, primary schools along with a secondary school. You can also find a wealth of facilities a small town has to offer such as bus routes, shops, supermarket and health centre. For anyone wishing to explore the local area the picturesque former fishing villages of Kingsand & Cawsand as well as the coast line at Whitsand Bay are well worth a visit.<br /><br />
Communal Entrance (0m x 0m)
Stairs to all floors.
Hall (0m x 0m)
Doors to Lounge/Diner, Bedrooms & Bathroom. Intercom & fuse box cupboard.
Lounge/Diner (0m x 0m)
L Shaped 12' 2" (3.71m) x 7' 3" (2.21m) plus 8' x 5' 2" (2.44 x 1.58m). Double glazed uPVC window to front. Radiator & opening to kitchen.
Kitchen (0m x 0m)
Double glazed uPVC window to front. Range of wall, base & draw units complemented by roll edge works top & up stands. One & half bowl sink & drainer with mixer tap over. Spaces for cooker, fridge & washing machine. Wall mounted boiler and tile effect flooring.
Bedroom One (3.53m x 2.19m)
Double glazed uPVC window to front & radiator.
Bedroom Two (2.59m x 1.91m)
Double glazed uPVC window to front & radiator.
Bathroom (0m x 0m)
Shower over bath, with shower screen. Pedestal basin and Wc. Towel warmer & tiled effect flooring.
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