1 bedroom apartment for sale

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £55,000

ATTENTION INVESTORS. Tenant in Situ with approximate yield of 6.7% taking into account service charge and ground rent. This first floor apartment is in the centre of Melton Mowbray offering open plan living/dining kitchen and a large double bedroom. It is exceptionally quiet here. This first floor apartment is accessed via a large communal hallway and enclosed staircase rising to the first floor where the apartment can be found with it’s own entrance door.

This a leasehold property with 115 years left on the lease. Ground Rent - £33.40 per month. Service Charge - £201.09 per month

Enter apartment into entrance hall with telecom security system and wood laminate flooring. The living/dining kitchen has laminate wood flooring throughout and a window overlooking the rear courtyard. The kitchen has a good range of contemporary base cupboards and drawers. There is an integrated fridge and freezer, integrated electric oven with ceramic hob and extractor canopy over. There is also plumbing for a washing machine. Stainless steel sink with mixer tap set within wood laminate work surfaces. There is a large double bedroom with wall mounted electric heater and wood laminate flooring. The bathroom has a white three piece suite comprising a panelled bath with tiled surround and mixer shower over bath. Electric wall mounted towel rail/radiator and wall mounted water proof recessed TV over bath. There is wood laminate flooring and extractor fan. There is no garden or parking available here but there is a large park nearby and also parking available close by.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200 + VAT, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to Move With Us Conveyancing or Taylor Rose solicitors. We may receive a fee of £150 + VAT, if you use their services. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.