- Ideal Buy to Let Investment
- Sought After Location
- Two Good Sized Bedrooms*
- Cash Buyers Only
- Sold By Modern Method of Auction
- Open Plan Living/Kitchen Area
- Close to Local Amenities
- Managed by Godfrey John
- No Onward Chain
Full property description
A split level, top floor flat situated in central Bexhill which is generally in good order throughout and offers generously sized accommodation throughout and comprises a inner hall, open plan kitchen/lounge with solid wood flooring, large main bedroom, double spare room and bathroom. Please be advised that there is currently a tenant in the property paying £575pcm although we would expect the current rental value to be around £825pcm.
Please note that the second bedroom has not been added to the title deeds at this time.
Hallway 1.60m x 0.94m (5'03 x 3'01)
Cupboard 0.91m x 0.64m (3' x 2'01)
Lounge/Kitchen 6.65m max x 4.27m max (21'10 max x 14'00 max )
Bedroom 1 4.14m max x 2.79m max (13'07 max x 9'02 max )
Bedroom 2 4.24m x max x 2.84m max (13'11 x max x 9'04 max )
Bathroom 2.31m x 1.57m (7'07 x 5'02)
Council Tax Band - A
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. 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.
The seller advises that the property has approximately 66 years remaining on the lease and the service charge is taken ad-hoc and the ground rent is £30. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.