FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Royston & Lund - West Bridgford

AVAILABLE on a BUY IT NOW for £150,000

Two Bedroom Apartment on a BUY IT NOW for £150,000

A competitively priced two bedroomed first floor duplex apartment located in the highly sought after area of Edwalton, in the secure gated Edwalton Hall development. Being sold with no upward chain, this apartment offers generous accommodation over two floors.

The property comprises: communal entrance hallway with spiral stairs to the duplex apartment, private entrance hallway, with downstairs wc and 20ft Lounge/Diner, fitted Kitchen, and to the second floor are two double bedrooms with en-suite bathroom and en-suite shower room.

Outside there is secure entrance via wrought iron gates to the allocated car parking and communal gardens which are maintained by the management company. The property also benefits from access to a communal gym.

The property is currently vacant however will be tenanted as of 5 March 2021 on an AST at £850 pcm.

Access via communal reception hallway which leads to the spiral staircase to the second floor duplex apartment

With stairs leading to the second floor, storage cupboard and doors leading to

Fitted with a two piece suite comprising low flush w.c and pedestal wash hand basin, and radiator

A 20ft generous lounge/diner with a double glazed window to the front elevation, feature fireplace with gas living flame fire set upon a granite hearth, radiator, coving to ceiling, tv point, telephone point

Fitted with a range of wall and base units with work surfaces over inset one and a half bowl stainless steel sink unit with chrome taps over set below a double glazed window offering views over the communal gardens, integrated washing machine, integrated dishwasher, integrated fridge/freezer, and stainless steel electric oven with hob, extractor fan above, spotlights, marble tiled floor, and radiator

With radiator, skylight with velux window and doors opening to

With double glazed window to the front elevation, built in wardrobes, radiator and door opening to:

Fitted with a three piece suite comprising panelled bath, with shower over, pedestal wash hand basin, low flush wc and radiator, part tiled walls, shaver point and extractor fan.

With double glazed window to the rear elevation, built in cupboard, and wardrobe, tv point, radiator and door opening to:

Fitted with a three piece suite comprising shower cubicle with glass shower screen, low flush wc and pedestal wash hand basin, towel radiator, part tiled walls, shaver point, built in mirror

The property is within a secure gated development and has electric vehicle access via the wrought iron gates and also a secure gated pedestrian access. The grounds are communal with an allocated car parking space.

Tenure
Leasehold

The auction for this property be conducted online through our online-bidding platform. This is a "Timed Auction", so there are will no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Auctions' website. To view this, search for the property via 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 Auctions' Buyers Terms (England & Wales) which are available to read on SDL Auctions' website.

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.

The following non-refundable fees apply:
• Reservation Fee- payable immediately when the auction ends. 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 Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.

Deposit
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.

When you register to bid, you will be prompted to provide your payment details to SDL Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. 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:
• Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
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 Reservation Fee shortfall (£8160 due as 4.8% 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 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.

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 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 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.

Royston & Lund