* Leasehold
Please welcome Zetland House Broadway West to the market! Zetland House
Broadway West is to be sold via Secure Sale online bidding. Terms & Conditions
apply - starting bid £36, 000.
This 2 - bedroom apartment is located in Redcar. There is currently a tenant in
paying £450pcm however the tenant is moving out on 30th October and the
property will be sold vacant possession ready for the new owner to either move
straight into or find a tenant.
This apartment has 110 years left on the lease. The ground rent is payable to
Estates and Management Ltd for a total of £136 pa which is reviewed every 10
years. This building also has a service charge of £1, 100 for the year and paid
to Town and City management Ltd, this gets reviewed yearly.
Auctioneers 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 equivalent to 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 their 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.
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.
Please contact us on option 1 if you seek further information.

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