For sale by Unconditional Online Auction.
On behalf of Senate Property Services - Knowle

DRAFT DETAILS

A one double bedroom penthouse apartment with secure underground parking. Located within the popular Waterside development and close to amenities in Dickens Heath Village and with M42 Motorway link nearby. Benefiting from double glazing, gas central heating and comprising of secure communal entrance with intercom system, communal lift and staircase to all floors, reception hallway, guest toilet, lounge/diner/kitchen with access onto balcony/terrace, kitchen area with integrated appliances and breakfast bar, double bedroom with en-suite bathroom with shower over bath and access onto balcony/terrace.

Based on comparable evidence, the apartment has an estimated potential rental value of £795.00 per calendar month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Reception Hallway: 13ft10 x 9ft11(4.22m x 3.02m)
Lounge/diner/kitchen: 22ft10 x 13ft4(6.95m x 4.05m)
Bedroom: 13ft x 10ft10(3.96m x 3.32m)
Ensuite Bathroom: 7ft10 x 5ft11(2.39m x 1.81m)
Leasehold Length of lease: Approximately 980 years remaining
Current ground rent: TBC
Ground rent review period: TBC
Current service charge: £2,206.40 per annum (confirmed in LPE1)
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.

Tenure: Leasehold

EPC Rating: C

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.

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 Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Senate Property Services