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Flat 4, Olde Englishe Hotel, Dale Road, Matlock, DE4 3LT

Lot no: 28 Sold at Auction for £82,000
 

Guide Price £75,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 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 Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 25th March 2021

10.00am
Key Features
  • Second Floor Apartment
  • Open Plan Living Space with Fitted Kitchen
  • Double Bedroom with En-Suite
  • Intercom Entry System
  • EPC Rating: D
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Sold at Auction for £82,000

Apartment

Property Description:

Offered to auction this one double bedroom, second floor apartment situated in a vibrant location in the centre of Matlock, within reach of all local facilities as well as having excellent links to places further afield. This former grand hotel was converted in 2010 and provides spacious accommodation with interesting period features. The accommodation in Flat 4 itself briefly comprises; Entrance Hall, Open Plan Kitchen / Lounge, spacious Double Bedroom and an En-suite Shower Room.
Central heating is provided by an electric Dimplex heating system which is fully programmable and thermostatically controlled. Security is enhanced through an intercom entry system with passcode capabilities to the communal door.

Please note there is a tenant currently in situ but the property will become vacant mid-March 2021. Ideal Investment.

Accommodation

An elegant entrance door opens to an entrance hallway which was the former hotel lobby and provides access via the original staircase to this first and second floor apartments. Flat 4 is on the second floor and the door opens to the:

Entrance Hall 8'9" x 3'9" (2.66 x 1.15)

With doors either side opening to the living space and the bedroom. A third door opens to a store measuring 1.18m x 0.61m which is shelved and provides hanging space.

Open Plan Living Space 19'2" x 15'9" (max) (5.85 x 4.80 (max))

The focal point of this room is the stunning bay window to the front aspect which lets in plenty of natural light and adds interest by providing views along Dale Road to the hills beyond. The room is fitted with a Dimplex electric heater, central heating control panel, telephone intercom system and TV, Satellite and telephone points. The kitchen area within the room benefits
from laminate flooring and measures approx 4.8m x 1.3m. Of contemporary design, it is fitted with a range of wall and base units, inset stainless steel sink with mixer tap and tiled splash backs. Integrated appliances include the fridge, the electric oven and four ring electric hob with extractor canopy over.
Space is available for a washing machine.

Bedroom 18'8" x 10'8" (max) (5.7 x 3.25 (max))

This is a good sized double bedroom with a window to the rear aspect, electric wall mounted heater, telephone socket and connecting door to the:

Shower Room 10'11" x 4'4" (3.34 x 1.31)

This part tiled shower room with vinyl flooring is fitted with a contemporary white suite comprising low flush WC, semi pedestal wash hand basin with monobloc tap and mira electric shower within a good sized cubicle. The room is lit by inset spotlights and there is a sash window to the rear aspect. There
is an extractor fan and a wall mounted heated towel rail.

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

Tenure:

Leasehold.


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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s 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.