Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A
Key Features: • FOR SALE BY ONLINE AUCTION • 6 WEEKS’ COMPLETION • First floor apartment • 2 bedrooms • Popular location • Vacant leasehold
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 23 Market Place, Wokingham, Berkshire, RG40 1AP
Full Description: A vacant 2 bedroom first floor apartment with allocated parking, located in Wythall close to the town centre, providing good access to Wythall station. Ideal for owner occupation or letting investment with an estimated rent of £900 PCM depending on condition, gross yield 7.7% PAX.AuctionTo be sold by online auction (unconditional) on Thursday 30th January 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.To viewViewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.ukRegistrationAll bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.TenureLeasehold with vacant possessionLease150 years (less one day) from 1 March 2003 - 128 years remaining.Ground rent and service chargeService Charge £1872.48 PAX. Ground Rent £250.62 PAX. Please see legal pack for details.EPC ratingCCouncil tax bandC - BromsgroveLegal packFor each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.Guide pricesGuide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.Additional feesA buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.DepositIf you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.Pre-auction offersThese must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".Mortgage financeWe advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.
