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46a Watergate, Grantham, Lincolnshire NG31 6PR

Lot no: 45 Sold at Auction for £52,000
 

Guide Price £48,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 3rd May 2018

11.30am
Key Features
  • Ideal Investment with High Yield
  • Kitchen & Shower room
  • Lounge Diner
  • Two Double Bedrooms
  • EPC Rating: E
  • Set Over Two Floors
  • Close to Amenities
  • No Onward Chain
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Sold at Auction for £52,000

Apartment

Property Description:

Located within close distance of the town centre, transport links and amenities is this very spacious two floor Maisonette. The accommodation has the benefits of its own private front door to the Entrance Hall, with stairs rising to the first floor Landing, Lounge, Kitchen, Shower Room and TWO DOUBLE BEDROOMS to the second floor. The property also has the advantages of double glazing and electric thermostatically controlled radiators. This home would make an ideal investment, with a strong anticipated rental yield. This home must be viewed to be fully appreciated, and an early inspection is advised to avoid disappointment.

Entrance Hall

With solid UPVc entrance door, stairs rising to the first floor landing, modern electrical consumer unit and smoke alarm.

First Floor Landing

With UPVc double glazed window to the rear aspect, smoke alarm, wall mounted electric radiator, stairs rising to the second floor.

Shower Room 2.54m x 2.01m (8'4" x 6'7")

With UPVc obscure double glazed window to the rear aspect, stainless steel heated towel radiator and a 3-piece white suite comprising low level WC, wash handbasin and a fully tiled shower cubicle with glazed shower screen and electric shower within.

Kitchen 2.64m x 1.85m (8'8" x 6'1")

With roll edge work surface, inset stainless steel sink and drainer, inset 4-ring stainless steel electric hob with integrated extractor above, eye and base level units, built-in stainless steel single electric oven, integrated extractor, space and plumbing for washing machine, space for free standing fridge freezer.

Lounge 4.39m x 3.91m (14'5" x 12'10")

With double glazed window to the front aspect, wall mounted electric radiator, built-in storage to the alcoves, electric fire inset to tiled hearth with decorative wooden surround.

Second Floor

With smoke alarm.

Bedroom One 4.34m x 3.89m (14'3" x 12'9")

With double glazed window to the front aspect, wall mounted electric radiator.

Bedroom Two 4.04m x 2.79m (13'3" x 9'2")

With UPVc double glazed window to the rear aspect, wall mounted, electric radiator, loft hatch and airing cupboard housing hot water tank.

Tenure:

See Legal Pack. Vacant possession upon completion.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.