* Leasehold
* For Sale by Online Auction, Starting Bid of £45, 000 Terms and Conditions Apply
* Immediate ‘exchange of contracts’ available - Sold via ‘Secure Sale’
* One bedroom Studio Apartment
* Fully furnished and managed
* Experienced Management Company – onsite concierge
* Great location with abundance of amenities close by
* Communal facilities including the gym, lounge and laundry room
* Perfect for the investor looking for a hands off and stress free approach
**Description**
This one bedroom apartment comes fully furnished with an en - suite shower room.
With access to the communal facilities including the gym, lounge and laundry
room.
Orme House is perfect for the investor looking for a hands off and stress free
approach with student accommodation in demand! The experienced management
company takes the pressure off you and takes care of your investment, just to
sit back and relax.
The onsite concierge is an added plus and ideal for the students who have
enquiries and with abundance of amenities close by means the students are well
catered for.
Leasehold - 250 years from 2019 (246 years remaining)
Ground Rent - per year - £350. 00
Maintenance charge - per year - £2254. 00
Management charge of 5. 5% + VAT of the gross rent
Council tax band A
EPC: To follow
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this
online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will
require your details being shared between both the marketing agent and The
Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or
unconditional (Traditional) auction terms and overseen by the auctioneer in
partnership with the marketing agent.
Full clarification is available upon request or by notification within the
legal pack.
The property is available to be viewed strictly by appointment only via the
Marketing Agent or The Auctioneer. Viewing the property prior to bidding is
advised. Bids can be made via The Auctioneers website or the Marketing Agents.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing
agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view
upon request and contains details relevant to the legal documentation enabling
all interested parties to make an informed decision prior to bidding. The
Legal Pack will also outline the buyers' obligations and sellers' commitments.
It is strongly advised that you seek the counsel of a solicitor prior to
proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer,
all bidders/buyers will be required to adhere to a verification of identity
process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon
exchange of contracts the successful bidder will be expected to pay a non -
refundable deposit of 5% of the purchase price of the property. The deposit
will be a contribution to the purchase price. A non - refundable reservation fee
of up to 6% inc VAT (subject to a minimum of 6, 000 inc VAT) is also required
to be paid upon agreement of sale. The Reservation Fee is in addition to the
agreed purchase price and consideration should be made by the purchaser in
relation to any Stamp Duty Land Tax liability associated with overall purchase
costs.
Both the Marketing Agent and The Auctioneer may believe necessary or
beneficial to the customer to pass your details to third party service
suppliers, from which a referral fee may be obtained. There is no requirement
or indeed obligation to use these recommended suppliers or services.
Council Tax Band: A
Tenure: Leasehold (246 years)
Ground Rent: £350 per year
Service Charge: £2, 254 per year
Not occupied until 2/09/23

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