1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (122 years remaining)
- Tenant in situ
- One bedroom
- First floor flat
Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 22nd May at 6.00 pm
Stratford-Upon-Avon Town Hall
Queens Court is a modern development of 28 apartments with number 18 offering one bedroom and off road parking for one car.
Briefly, the accommodation offers an entrance hallway, lounge / dining area, a kitchen, bedroom and a bathroom. Outside, there is a parking space for one vehicle.
Queens Court is found just a few hundred yards from Madeley's High Street which in turn just a mile or so away from the historic town of Ironbridge.
Telford town centre is approximately 3 miles away and presents numerous departmental stores, leisure facilities and a newly developed large central park and extensive entertainment complex. The property is ideally placed for commuters with excellent transport links to the Telford railway station, whilst offering simple road connections onto the M54, M6 & M1 respectively.
Ground rent £100 per annum
Service charge £450 per annum
123 years left on lease
Current rent is £450 PCM
Key features/bullet points also need to include the following;
Auction Terms
The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.
The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.
Binding contracts of sale will be exchanged at the point of sale.
Auction Deposit and Fees
The following deposits and non-refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT
There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price
The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).
Plans
Plans shown are for identification purposes only.
Services
The agent understands that mains gas, electricity, water and drainage are connected to the property.
Directions
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Tenure and Possession
The property and land are leasehold and is being sold with a tenant in situ (please refer to the Legal Pack for further details). There are currently 123 years unexpired on the Lease. Annual ground rent: £100, annual service charge: £450.
Bidder Registration and Auction Legal Pack
If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/
You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk
The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.
If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account. Following your initial registration, you will receive an SMS from LexisNexis, a company we use to verify ID and conduct an anti-money laundering check. Please click on the link within the SMS and follow the instructions to complete the check.
Legal Documents & Additional Costs
It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.
Viewings
All viewings are by appointment only through the Auction Department
Directions
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Broadband availability and predicted speed: obtained from Ofcom on October 15, 2022
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