FOR SALE by modern method of auction
Situated on Mews Road, St Leonards is this top floor flat. The property is located a short walk away from the seafront and in close proximity to Norman Road, London Road and Kings road which offers an array of shops, restaurants, bars and Warrior Square train station.
On the top floor of the building is the flat itself which comprises a spacious open-plan living room and modern fitted kitchen with integral appliances to include a washing machine, dishwasher, fridge/freezer and oven & hob. From the hallway you can also access the bathroom and the double bedroom.
The property also includes double glazing throughout. This would be a great buy to let investment and we value the property to be £795.00 per calendar month as a rental figure.
The leaseholders in the building are in the process of purchasing the freehold which a buyer would need to be prepared to take over with costs estimated in the region of £3000.
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 4.2% of the purchase price
including VAT, subject to a minimum of £6,000.00 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.
Lounge/Diner 4.45m x 4.19m (14'7 x 13'9)
Bedroom 3.78m x 2.62m (12'5 x 8'7)
Bathroom 3.78m x 1.70m (12'5 x 5'7)
Entrance Hall 1.04m x 2.87m (3'5 x 9'5)
Council Tax Band - A
Lease Information
The seller advises that the property has 108 years remaining on the lease. There is a ground rent of £100.00 per annum. The leaseholders in the building are in the process of purchasing the freehold which a buyer would need to be prepared to take over with costs estimated in the region of £3000. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
