FLAT FOR INVESTMENT
69 The Courtyard, Newark, NG24 4AF
- 2
Key features
Guide Price: *
£85,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£86,000Bid history
2 bidsA
10/08/2023 10:55:55 - £86,000
K
10/08/2023 09:22:19 - £85,000
AUCTION DAY! Addendum: There are no internal photos provided so buyers must have made and relied upon their own internal investigations before making a transactional decision.
A generally well presented one bedroom second floor flat forming part of this popular residential development within a favoured part of the town. The apartment, which is currently let with rents reserved of £475per calendar month, will appeal to lettings landlords, investors and of course owner-occupiers alike (once vacant).
LOCATION
The apartment forms part of the popular gated community of Castle Brewery development in the centre of Newark-on-Trent and enjoys an on-site gymnasium.
TENURE
Leasehold. The remainder of a 200 year lease with a ground rent of £125 per annum (for first 50 years). For any service charge or further information on the lease please refer to the auction legal pack.
TENANCY
Let on a short-hold tenancy agreement basis having commenced 12th May 2017 with current rents reserved of £475per calendar month.
EPC
Rating; C.
ACCOMMODATION
Ground floor; Communal entrance hall with stairs rising to upper floors.
Second floor; Private flat entrance, kitchen/living room, bedroom and bathroom.
Outside; Communal gardens and grounds. Allocated parking space.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
Auctioneers Note: The buyer is to reimburse the seller in the sum of 1% plus VAT of the purchase price by way of a contribution towards their legal disbursements and associated costs.
Summary
- Auction end
- 10th Aug at 11:00
- Property type
- Residential
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
