Block of Apartments
DRAFT DETAILS - AWAITING VENDOR APPROVAL
A very rare and exciting opportunity to purchase 11 x freehold self contained flats being majority vacant (three let) and set in a secluded and popular residential location.
When fully let and refurbished, we believe the properties will achieve in the region of £55,000 to £60,000 per annum combined. We would advise interested parties to check the legal documents for further information.
PLEASE NOTE: We are informed by the seller that there is potential for loft conversion to first floor flats and ground floor extensions to some units, subject to planning consent.
Leading down the middle of the four studio flats and giving access to -
With access to rear garden.
Split into four separate self-contained studio flats each comprising of lounge/bedroom with shower room and kitchenettes. All are vacant, uPVC double glazed and gas centrally heated. We believe these are known as 5a, 5b, 7a and 7b.
We have only gained access to the front two studio flats.
A two bedroomed first floor maisonette benefiting from uPVC double glazing and electric panel heaters. The flat is currently let and interested parties are advised to check the legal documents for more information.
The auctioneers have not been able to inspect this flat but we believe the accommodation on offer is the same as Flat 8.
Ground floor entrance leading to first floor landing giving access to open plan living kitchen lounge, two double bedrooms and bathroom. UPVC double glazed and electric panel heaters. This flat is vacant.
A uPVC double glazed ground floor flat comprising open plan living kitchen bedroom (this room requires full refurbishment), large understair storage area and a part fitted bathroom. This flat is vacant.
A first floor flat comprising ground floor pitched tiled storm canopy with PVC door and stairs to first floor L-shaped passaged landing, utility/boiler room, separate storage cupboard (potential for en-suite subject to building regulations), large open plan living fitted kitchen with built in appliances, two double bedrooms and bathroom with three piece suite in white. The flat is uPVC double glazed and gas centrally heated and is vacant.
This flat is accessed through the communal area to the rear. The uPVC double glazed accommodation comprises open plan living kitchen (no fitted kitchen units) with bedroom and bathroom (low level wc and wash basin only). The flat is vacant.
This flat is converted into two self-contained units and comprise a communal ground floor entrance leading to - Flat 12: Open plan living kitchen diner with separate bedroom and shower room. Flat 12b: Open plan bedroom/kitchen with shower room. We are advised that the two units are let on one agreement at £197 per week . Interested parties are advised to check the legal documents for more information.
Freehold. Part let/part vacant.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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