Standout Features
- Allocated parking included
- Juliet balcony
- Separate bedroom
- Leasehold: 155 years from 2007
- Council tax band A
- Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £95,000
- Immediate ‘exchange of contracts’ available
- Sold via ‘Secure Sale’
Property Description
APARTMENT Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £95,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
A One bedroom apartment in the Echo Central development, with SECURE UNDERGROUND PARKING included.
LEASEHOLD Lease term: 155 years (less one day) from 1st January 2007
Ground rent £200 pa
Service charge for 2023 £1462.40 pa
INVESTMENT INFORMATION The property is currently tenanted on a periodic contract. The rental on the apartment is £660 pcm. The parking space is rented separately at £70 pcm.
Combined rental income £730 pcm
THE PROPERTY
HALLWAY Wood effect laminate flooring, entry phone system, recessed spotlights, electric wall heater, ceiling mounted smoke detector and storage cupboard housing hot water cylinder and the washing machine.
LIVING AREA The open plan Living area has wood effect laminate flooring, recessed spot lights, double glazed Juliet balcony with fitted blind.
KITCHEN (open plan) The Kitchen has a range of integrated black gloss units with contrasting work surface, circular stainless steel sink with mixer tap, 4 ring black ceramic hob, electric integrated oven, integrated fridge / freezer, ceiling mounted extractor fan.
BEDROOM The good size double bedroom is carpeted with large glass panel looking into the Living area with fitted blind.
BATHROOM The shower room is partly tiled and comprises; W.C., hand basin, shower cubicle with glass sliding doors and thermostatic shower, heated towel rail, shaver point, recessed spot lights and ceiling mounted extractor fan.
PARKING The property is sold with an allocated parking space which is situated beneath the development.
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.
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 of up to 6% inc VAT (subject to a minimum of 6,000 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.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
A One bedroom apartment in the Echo Central development, with SECURE UNDERGROUND PARKING included.
LEASEHOLD Lease term: 155 years (less one day) from 1st January 2007
Ground rent £200 pa
Service charge for 2023 £1462.40 pa
INVESTMENT INFORMATION The property is currently tenanted on a periodic contract. The rental on the apartment is £660 pcm. The parking space is rented separately at £70 pcm.
Combined rental income £730 pcm
THE PROPERTY
HALLWAY Wood effect laminate flooring, entry phone system, recessed spotlights, electric wall heater, ceiling mounted smoke detector and storage cupboard housing hot water cylinder and the washing machine.
LIVING AREA The open plan Living area has wood effect laminate flooring, recessed spot lights, double glazed Juliet balcony with fitted blind.
KITCHEN (open plan) The Kitchen has a range of integrated black gloss units with contrasting work surface, circular stainless steel sink with mixer tap, 4 ring black ceramic hob, electric integrated oven, integrated fridge / freezer, ceiling mounted extractor fan.
BEDROOM The good size double bedroom is carpeted with large glass panel looking into the Living area with fitted blind.
BATHROOM The shower room is partly tiled and comprises; W.C., hand basin, shower cubicle with glass sliding doors and thermostatic shower, heated towel rail, shaver point, recessed spot lights and ceiling mounted extractor fan.
PARKING The property is sold with an allocated parking space which is situated beneath the development.
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.
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 of up to 6% inc VAT (subject to a minimum of 6,000 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.
Material Information
- Tenure: Leasehold
- Ground Rent: £200 per year
- Service Charge: £1,462 per year
- Council Tax Band: A
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Echo Central One
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