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20 River View, Trent Lane, Newark, NG24 1FR

Lot no: 96 Sold at Auction for £119,000
 

Guide Price £110,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 27th August 2020

10.30am
Key Features
  • Modern two bedroomed semi-detached
  • Situated on a gated development close to local amenities
  • Let at £695 per calendar month (£8,340 per annum)
  • Excellent investment opportunity
  • EPC Rating: C
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Sold at Auction for £119,000

Semi-detached house

Property Description:

The property is approximately 9 years old and benefits from an NHBC guarantee until April 2023. It is located near the River Trent and has allocated parking as well as visitor parking opposite, and a brick built store. There is no garden.

The property is well kept and is let fully furnished at £695 per calendar month (£8,340 per annum).

It is conveniently located close to local amenities, both Newark Northgate and Castle Stations along with Newark town centre.

We are given to understand by the seller that that there is a communal charge for electric gates and upkeep of area, etc of £28 per month. The house has a certificated Grade 2 intruder alarm installed by Lincoln Security Ltd.

Ground Floor:
Entrance Hall
Lounge/Kitchen/Diner

5.4m x 5.2m max

WC
First Floor:
Two Bedrooms

Bedroom One - 2.6m x 3.1m
Bedroom Two - 2.5m x 3.1m
With fitted mirrored wardrobes.

Bathroom
Outside:

Gated car park with allocated parking space, brick built store.

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

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

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

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
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.