For sale by Unconditional Online Auction.
On behalf of John Taylors - Louth

A purpose built first floor leasehold flat located on the northern outskirts of the town and requiring a scheme of modernisation.


Louth is an attractive market town with a population of approximately 17,000 and enjoys independent shops, national retailers, three supermarkets, leisure centre, two Golf courses, cinema and theatre. The town is positioned on the edge of the Lincolnshire Wolds a designated area of natural beauty and is situated 25 miles north east of the city of Lincoln and 16 miles south of the town of Grimsby.


Long leasehold from 13th February 1989 for a term of 125 years with a service charge understood to be currently £81.60 per annum and a ground rent of £10.

Ground Floor Entrance Hall With UPVC double glazed entrance door and staircase to 1st floor.
Lounge 'L' Shape. With radiators and old gas fire. 14ft 8' x 10ft 5' (4.48m x 3.17m) &
7ft 4 x 4ft 9 (2.28m x 1.5m)
Kitchen Modern fitted kitchen comprising wall and base cupboards, stainless steel sink and drainer, space for washing machine, integrated Lamona electric oven and hob, stainless steel extractor hood, granite effect worktops, tiled splashback, radiator.
9ft 6 x 7ft 4 (2.95m x 2.28m)
Bedroom One With radiator and master socket point. 14ft 2 x 8ft 7 (4.34m x 2.67m)
Bedroom Two With radiator.
8ft 7 x 7ft 3 (2.68m x 2.29m)
Bedroom Three With radiator. 8ft 5 x 6ft 4 (2.6m x 1.97m)
Shower Room
WC
External Rear garden
Note Length of lease: 125 years from 1989
Current ground rent: £10
Ground rent review period: TBC
Current service charge: £81.60 per annum
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.