Studio for sale

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Guide price £110,000

A superb studio apartment, choicely located in one of city’s most desirable residential areas. Discretely tucked away on a peaceful no through road and behind iron gates with a private entrance. Offered with the convenience of vacant possession and no forward chain.

Internally the accommodation which has been recently decorated includes a fitted kitchen with breakfast bar. The kitchen is complete with fitted base and wall units, new oven, hob, space for fridge freezer and washing machine.

The studio room includes a large window to the front elevation and includes laminate flooring, fitted storage with pull down bed and further cupboard. In addition is a house bathroom with shower over the bath, WC, sink and window to rear.

To the rear of the apartment is gated access to the charming and beautifully maintained communal gardens for all to enjoy. Membership of the Aldwark development also gives access to two visitor car parking spaces for the estate on a first come, first serve basis. Please note they are not to be used by tenants or leaseholders as they are strictly for short term visitors and contractors (maximum 48 hour stay).

In summary, a great opportunity to purchase a bright studio apartment in undoubtably one of the city’s best locations.

Aldwark is a small and select development tucked away within the city walls, close to Kings Square and The Shambles. York is famed for its city walls and York Minster, one of Europe’s largest cathedrals of its kind, and is one of the country’s most visited locations, attracting those looking to take advantage of the many restaurants, bars, historic and cultural attractions the city offers. The mainline train station offers services to London in under two hours and road links mean nearby cities such as Leeds and Harrogate are easily reached.

LEASE DETAILS
The leaseholder will co-own the freehold via a share in the freehold management company
Lease length - 999 years from 29th March 1985
Ground rent - Peppercorn/£10 PA
Service charge - £1,157 PA

Letting - The apartment can be let on an assured shorthold tenancy (AST) but NOT holiday let

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.