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Flat 10, Jubilee Cottage, 143-145 St. Andrews Road South, Lytham St. Annes FY8 1YB

Lot no: 90 Re-entry to a future auction
 

Guide Price £5,000 - £8,000 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 30th May 2024

9.00am
Key Features
  • Guide Price Range: £5,000 - £8,000
  • Studio Apartment
  • Communal Laundry and Residents Lounge
  • Communal Gardens
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Re-entry to a future auction

Studio flat

Property Description:

This Property is a 1st Floor Leasehold Studio Apartment for 55s and Over. Situated on a tree lined street within a 5 minute walk from the Sea Front and a 10 minute walk to St Annes town centre. This is a small complex of 17 Apartments.

A Studio Apartment for 55s and Over with Lounge/Bedroom Area, Kitchen, Shower Room.

There is the benefit of a communal laundry, residents lounge, lift to the first floor, rear gardens to enjoy, and a rear car park (but not allocated).

Hallyway
Lounge/Bedroom Area: 15ft 6 x 13ft
Kitchen: 5ft x 4ft 6
Bathroom: 6ft x 4ft 6
Leasehold Information

The seller has advised there are 45 years remaining on the lease. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Additional Information:

Construction Material: Standard Brick. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone and EE show as high in this area, and Three as medium. Satellite and Cable - BT and Sky available in this area.

Note

The seller has informed us there is no sub-letting or renting out due to being a holiday home. Prospective buyers are advised to make all necessary independent enquiries and refer to the legal pack prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Communal, Residents



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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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.