1 bedroom property for sale

Rooms

Location
The subject property is well located along King Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.3 miles from South Molton town centre and approximately 9.6 miles from Barnstaple city centre.

Flat 2 (First Floor 2 Bedroom Flat)
The 2 bedroom Flat is accessed from the ground floor stairs lead up to the hall of the flat on the first floor. Equipped with a modern kitchen and bathroom and has been recently decorated throughout. Heating is provided by ceramic electric heaters and the electric hot water heaters. Accommodation: Kitchen - 13' 1'' x 9' 6'' (3.98m x 2.89m) A modern fitted kitchen with a range of white base units. Stainless steel sink inserted into the grey laminate worktops. White tiled splash back boarder. Built in Extractor fan. Carpet tiled flooring. Double Glazing window to rear. Plumbing for washing machine. Living Area - 16' 9'' x 51' 1'' (5.10m x 15.56m) A good sized living area neutrally decorated. Cream carpet. Electric panel wall mounted heater. Electric coal stone effect fireplace. Bedroom 1 - 16' 5'' x 11' 6'' (5.00m x 3.50m) Double bedroom decorated neutrally, electric wall mounted rad...

Flat 3 (Ground Floor 1 Bedroom Flat)
A one bedroom ground floor flat comprising of a galley style kitchen, living room, bedroom and shower room. The flat is heated by ceramic electric heaters and the electric hot water heaters. Accommodation: Kitchen - 12' 6'' x 5' 11'' (3.81m x 1.80m) Recently refurbished modern fitted kitchen. A range of white wall and base units. Part white tiled splash backs. Stainless steel sink fitted into grey laminate worktops. Wood effect flooring. Living Area - 11' 2'' x 8' 10'' (3.40m x 2.69m) Neutrally decorated. Wooden effect flooring. Wall mounted panel radiator. Bedroom 1 - 9' 2'' x 8' 10'' (2.79m x 2.69m) Neutrally decorated, Cream carpets. Electric wall mounted radiator.

Flat 4 (Ground Floor Bedsit)
Front door leads into a living area with an open plan modern fitted kitchen to the side of the living area. The shower room is situated through a door to the back of the living area. The shower room has a modern 3 piece shower suite. The flat is heated by ceramic electric heaters and the electric hot water heaters. Accommodation: Living Area - 13' 9'' x 13' 1'' (4.19m x 3.98m) Entrance into the property. Part carpeted and part wooden affect flooring. Plumbing for washing machine. Flat 4 Kitchen - 8' 6'' x 6' 11'' (2.59m x 2.11m) Modern fitted kitchen with white base units. Grey laminate effect worktops with part tiled white splash backs. Stainless steel sink. Wooden effect flooring. Shower Room - 9' 1'' x 5' 7'' (2.77m x 1.70m) Modern Fitted Shower room

Communal Garden Area
There is a garden area to the rear of the properties of which are shared by the 3 flats. There is also possibility to extend the property if suitable planning permission were granted.

Lease Details
Flat 2 - Currently rented out at £450 per calendar month (£5,400 per annum). Flat 3 - Currently rented out at £430 per calendar month (£5160 per annum). Flat 4 - Currently rented out at £350 per calendar month (£4200 per annum). Total £1230 per calendar month (£14,760 per annum)

Council Tax
Flat 2 -- Band A Flat 3 -- Band A Flat 4 -- Band A

EPC
Flat 2 - Rating D Flat 3 - Rating E Flat 4 - Rating E (available upon request)

Tenure
Freehold. TITLE NUMBER: DN351637

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.