* Leasehold
* Guide Price **£5, 000 - £10, 000**
* Investment Opportunity
* Student Accommodation
* Communal Areas (Gym, Entertainment Room & Laundry Room)
* Close To Local Amenities
* Buyers Fee Applies
* Pre Auction Offers Considered
* Auction Pack Available On Request
** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price
£5, 000 - £10, 000**
This studio flat consists of a fitted double bed, en - suite facilities and a
desk along with a shared kitchen. This fully managed student let block also
allows students to have access to a range of onsite facilities including a
gym, entertainment room, laundry room and a common room.
Tenant it situ currently paying £120. 00 a week for 46 weeks of the year. Which
makes a total of £5, 520 per annum.
Ground Rent - £250 per annum
Lease term - 250 years from 1/1/2014
Service charge - £3, 978. 33 per annum
** Please note that the internal images used are for indicative purposes only
and may not be an exact representation of the unit being sold **
Traditional Terms & Conditions -
This property is for sale via Online Auction. This is a modern twist on the
traditional auction room sale where buyers can bid for the property via an
online platform. The auction will run for 3 hours on a set date and time
chosen by the vendor of the property. The winning bidder, assuming the reserve
is met, is legally bound to exchange on the property and pay a 10% deposit
similar to a traditional auction house sale and they will have 28 days to
complete, please check the legal paperwork to confirm deposit amount. Upon
completion of a successful auction the winning bidder will be required to pay
a non - refundable reservation fee of 3% inclusive of VAT of the winning bid in
addition to the purchase price subject to a minimum fee of £4, 800 inclusive of
VAT. The auction is powered and carried out by Whoobid and is subject to terms
& conditions which will form part of the auction pack which will be available
to download for free once produced by the vendors legal representatives. We
strongly recommend that you review the legal documents prior to bidding and
seek legal advice. Please remember that the reservation fees are payable in
addition to the sale price. Fees paid to the auctioneer may be considered as
part of the chargeable consideration and may attract stamp duty liability.
Bidders will be required to register in order to download the 'legal pack', if
you choose to bid on the property, you will be required to complete further
identity checks for anti - money laundering purposes and provide card details
before you are able to place a bid. Properties may be sold prior to public
auction if an offer is accepted by the vendors.
**Guide price - This is an indication of the seller's minimum expectations at
auction and is not necessarily the figure the property will achieve but acts
as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this
figure is not achieved during the auction, then the property will not be sold.
In normal circumstances the reserve price should be no more than 10% above the
guide price.

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