Unconditional Online Auction Sale -
Guide Price: £75,000 plus fees*
A two bedroom FIRST FLOOR apartment situated within a secure converted private apartment complex.
This apartment is ideally located within close proximity of Ilkeston's train station, making it perfect for the working professional looking to commute. The apartment itself briefly comprises:- External staircase to Entrance Hall, Kitchen/Living area, two double Bedrooms and Bathroom. Electric Heating and uPVC double glazed windows.
Please note, the property is currently rented out on an Assured Shorthold Tenancy Agreement (subject to change) and is achieving £495pcm. The images may slightly differ as were taken before occupation.
The management pack is to follow. However, the vendor advises the 2022 service charges were £1,700 and ground rent was £250. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold Length of lease: TBC
Current ground rent: TBC
Ground rent review period: TBC
Current service charge: TBC
Service charge review period: TBC
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
External staircase leads to private entrance. Composite access door opens to Entrance Hall with Karndean wood effect floor covering, intercom system and electric wall mounted heater.
KITCHEN / LIVING AREA 5.41m (17'9") x 3.25m (10'8")
having a range of modern high and low level wall and base units with wood effect rolled edge work surfaces and complimentary splash back tiling, electric built-in oven, four ring electric hob with stainless steel extractor hood over, stainless steel sink unit with mixer tap, electric wall mounted heater, TV point, dual aspect arched uPVC double glazed windows and Karndean wood effect floor covering
BEDROOM ONE 2.24m (7'4") x 3.38m (11'1")
electric wall mounted heater, carpet floor, TV point and 2 x arched uPVC double glazed windows
BEDROOM TWO 3.10m (10'2") x 1.96m (6'5")
electric wall mounted heater, carpet floor, TV point and 2 x opaque arched uPVC double glazed windows
BATHROOM 1.68m (5'6") x 1.93m (6'4")
having a white three piece suite comprising panelled bath with mixer tap and shower attachment and glass shower screen, pedestal wash hand basin and low flush WC, part tiled walls, extractor fan, Karndean wood effect floor covering, chrome effect electric towel heater and opaque arched uPVC double glazed window.
Secured gated access to communal area.
Full details of the service charge, ground rent and lease length can be found in the Legal Pack.
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Property Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Variable Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
The following non-refundable fees apply:
· Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
· Buyer’s Fee of £7,200- 4.8% of guide price
· Deposit of £7,500- 5% of the guide price
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
· £960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)
· £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Property Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
To register to bid on the property, search for the lot on SDL Property Auctions website. Click onto the property, follow the link to “Log in/register to bid” , and you will then be directed to create an account with the online-bidding platform provider, EIG.
These property particulars do not constitute or form part of the offer or contract. All measurements are approximate. Any appliances or services to be included in the sale have not been tested by ourselves and accordingly we recommend that all interested parties satisfy themselves as to the condition and working order prior to purchasing. None of the statements contained in these particulars or floor plans are to be relied on as statements or representations of fact and any intending purchaser must satisfy themselves by inspection or perusal of the title to the property or otherwise as to the correctness of each of the statements contained in these particulars. The vendor does not make, warrant or give, neither do All Agreed Limited and any persons in their employment have any authority to make or give, any representation or warranty whatsoever in relation to this property. All photographs/images are to give a visual guide only and items and appliances shown within the photographs/images are not necessarily included in the sale.
Contact All Agreed for more details
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