2 bed Flat For Sale £240,000
Reference AR0108
This 2 bedroom first floor seafront property is situated in one of Bournemouth`s most iconic buildings and offers stunning, uninterrupted views from the Isle of Wight to Dorset`s famous Old Harry Rocks.
Comprising a spacious, open plan living room and kitchen, 2 double bedrooms (one with a small balcony to the front), bathroom and additional WC. There is also a communal residents` lounge, communal garden and parking available on a first come, first served basis.
The building currently operates a communal heating and water system which is due to be upgraded with works scheduled to start in 2023. The cost of this work is yet to be confirmed but is estimated to be £25,000/£30,000 for this flat and will be invoiced under a Section 20 notice. The service charge is currently approximately £5000 per annum but is expected to reduce considerably once the planned upgrades have taken place.
Auctioneer Comments;
This property is for sale by the 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 (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to 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.
This 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 property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
This 2 bedroom first floor seafront property is situated in one of Bournemouth`s most iconic buildings and offers stunning, uninterrupted views from the Isle of Wight to Dorset`s famous Old Harry Rocks.
Comprising a spacious, open plan living room and kitchen, 2 double bedrooms (one with a small balcony to the front), bathroom and additional WC. There is also a communal residents` lounge, communal garden and parking available on a first come, first served basis.
The building currently operates a communal heating and water system which is due to be upgraded with works scheduled to start in 2023. The cost of this work is yet to be confirmed but is estimated to be £25,000/£30,000 for this flat and will be invoiced under a Section 20 notice. The service charge is currently approximately £5000 per annum but is expected to reduce considerably once the planned upgrades have taken place.
Auctioneer Comments;
This property is for sale by the 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 (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to 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.
This 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 property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
