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This property is for sale by Modern Method of Auction powered by
iamsold LTD Starting Bid £80000 Reservation Fee
A SPACIOUS FIRST FLOOR STUDIO FLAT SITUATED IN THIS HUGELY
POPULAR TEMPEST LOCATION AVAILABLE FOR INVESTMENT BUYERS.
Forming part of an extremely well maintained block the internal
accommodation offers; entrance hall, lounge sleeping area, fitted
kitchen, family bathroom and plenty of storage space.
Further features to note include; private parking, double
glazing and a secure entryphone system.
Coming onto the market with no onward chain.
Auctioneer Comments
This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information
will be shared with the Auctioneer, iamsold Limited This method of
auction requires both parties to complete the transaction within 56
days of the draft contract for sale being received by the buyers
solicitor for standard Grade 1 properties . This additional time
allows buyers to proceed with mortgage finance subject to lending
criteria, affordability and survey . The buyer is required to sign
a reservation agreement and make payment of a non refundable
Reservation Fee. This being 4.5% of the purchase price including
VAT, subject to a minimum of £6,600.00 including VAT. The
Reservation Fee is paid in addition to purchase price and will be
considered as part of the chargeable consideration for the property
in the calculation for stamp duty liability. Buyers will be
required to go through an identification verification process with
iamsold and provide proof of how the purchase would be funded. This
property has a Buyer Information Pack which is a collection of
documents in relation to the property. The documents may not tell
you everything you need to know about the property, so you are
required to complete your own due diligence before bidding. A
sample copy of the Reservation Agreement and terms and conditions
are also contained within this pack. The buyer will also make
payment of £300 including VAT towards the preparation cost of the
pack, where it has been provided by iamsold. The property is
subject to an undisclosed Reserve Price with both the Reserve Price
and Starting Bid being subject to change.
Referral Arrangement
The Partner Agent and Auctioneer may recommend the services of
third parties to you. Whilst these services are recommended as it
is believed they will be of benefit; you are under no obligation to
use any of these services and you should always consider your
options before services are accepted. Where services are accepted
the Auctioneer or Partner Agent may receive payment for the
recommendation and you will be informed of any referral arrangement
and payment prior to any services being taken by you.
Tenure Leasehold,
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