Studio

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £35,000 + Reservation Fee

Located in Provincial House, a popular rental spot in Bolton town centre, is this modern studio apartment offered for sale. This apartment is located on Nelson Square in the town Centre. Close to all the amenities including shops, restaurants and bars. It also offers great access to transport links by the bus and train all in walking distance.

Access to the property is via a secure communal door which leads to a staircase as well as the lift. The studio itself is made up of an open lounge/kitchen with separate bedroom area and a three piece shower room with storage surrounding the wc and basin. 

This property has been newly refurbished and ready to move into. If the property were to be rented out it does have the potential to achieve approximately £700 pcm with a yield of over 10%.

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangement

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.