1 bed Flat For Sale £80,000
** For sale by online auction ** pre-auction offers considered ** mortgage buyers welcome **
A good 2 bedroom flat located in the heart of Boscombe. A workhorse rental property close to local shops, transport routes offered with vacant possession, so could also make a great value first-time buy. The property features two double bedrooms, a separate kitchen and is fir decorative order, could benefit from some modernization to increase the rental potential to around 800pcm-825pcm.
Lease for 99 years from 31st of March 2000. (78 years remaining)
Ground rent is 150 pounds per annum.
Maintenance is 852 pounds per annum.
Auction terms:
This property is offered for sale by the ?modern method of auction? Through an Online
Auction. This is a modern twist on the traditional auction room sale where buyers can bid for
the property via an online platform. The winning bidder, assuming the reserve is met, is
granted exclusivity of the property at the winning bid price for 28 days in which they must
exchange or the vendor is free to remarket the property and the reservation fee will not be
returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the
property. Upon completion of a successful auction the winning bidder will be required to pay
a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the
purchase price subject to a minimum fee of 4,800 inclusive of VAT. The auction is powered
and carried out by Whoobid and is subject to terms & conditions which will form part of the
auction pack which will be available to download for free once produced by the vendors
legal representatives. We strongly recommend that you review the legal documents prior to
bidding and seek legal advice. Please remember that the reservation fees
are payable in addition to the asking price.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and
may attract stamp duty liability. Bidders will be required to register in order to download the
?legal pack?, if you choose to bid on the property you will be required to complete further
identity checks for anti- money laundering purposes, provide card and solicitors details
before you are able to place a bid.
Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller?s minimum expectations at auction and is
not necessarily the figure the property will achieve but acts as a guide, prices are subject to
change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not
achieved during the auction then the property will not be sold. In normal circumstances the
reserve price should be no more than 10% above a single figure guide price or if a guide
price bracket is quoted the reserve will fall somewhere within those figures.
A good 2 bedroom flat located in the heart of Boscombe. A workhorse rental property close to local shops, transport routes offered with vacant possession, so could also make a great value first-time buy. The property features two double bedrooms, a separate kitchen and is fir decorative order, could benefit from some modernization to increase the rental potential to around 800pcm-825pcm.
Lease for 99 years from 31st of March 2000. (78 years remaining)
Ground rent is 150 pounds per annum.
Maintenance is 852 pounds per annum.
Auction terms:
This property is offered for sale by the ?modern method of auction? Through an Online
Auction. This is a modern twist on the traditional auction room sale where buyers can bid for
the property via an online platform. The winning bidder, assuming the reserve is met, is
granted exclusivity of the property at the winning bid price for 28 days in which they must
exchange or the vendor is free to remarket the property and the reservation fee will not be
returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the
property. Upon completion of a successful auction the winning bidder will be required to pay
a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the
purchase price subject to a minimum fee of 4,800 inclusive of VAT. The auction is powered
and carried out by Whoobid and is subject to terms & conditions which will form part of the
auction pack which will be available to download for free once produced by the vendors
legal representatives. We strongly recommend that you review the legal documents prior to
bidding and seek legal advice. Please remember that the reservation fees
are payable in addition to the asking price.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and
may attract stamp duty liability. Bidders will be required to register in order to download the
?legal pack?, if you choose to bid on the property you will be required to complete further
identity checks for anti- money laundering purposes, provide card and solicitors details
before you are able to place a bid.
Properties may be sold prior to public auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller?s minimum expectations at auction and is
not necessarily the figure the property will achieve but acts as a guide, prices are subject to
change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not
achieved during the auction then the property will not be sold. In normal circumstances the
reserve price should be no more than 10% above a single figure guide price or if a guide
price bracket is quoted the reserve will fall somewhere within those figures.
