2 Bed Apartment For Sale

For sale on 30 November 2023

The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

The auction will commence at 10:00.

Offered with immediate vacant possession is a stylish and appealing purpose built two bedroomed first floor apartment, occupying a popular and convenient residential location.



The apartment has the benefit of being uPVC double glazed, gas centrally heated and in brief comprises communal ground floor entrance with staircase, entrance lobby with passaged hallway, lounge through diner, fitted kitchen with built-in appliances, two well proportioned bedrooms and bathroom. Outside there are communal grounds with an allocated parking space.



The property is situated on the fringe of the historic and beautiful market town of Newark-on-Trent with easy access to the town centre. Newark is also well positioned for the cities of Nottingham and Lincoln.



Potential buy-to-let residential investment opportunity.

Communal Ground Floor Entrance Hall
First Floor Apartment
Entrance Lobby 4ft 8 x 3ft
Passaged Hallway 11ft 8 x 5ft 10 reducing to 3ft 7
Lounge Through Diner 15ft 1 x 11ft 2
Fitted Kitchen 8ft 10 x 8ft 8
Bedroom One 11ft 7 x 8ft 10
Bedroom Two 9ft 8 x 7ft 8
Bathroom Not measured
Outside Outside there are communal grounds with parking and allocated parking space.
Leasehold Information 150 years (less one day) from 1 January 2005. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Potential Buy To Let Investment Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure: Leasehold

EPC Rating: B

Terms:
Auction Details:



The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.



Binding contracts of sale will be exchanged at the point of sale.



All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.



Auction Deposit and Fees:



The following deposits and non- refundable auctioneers fee apply:



• 10% deposit (subject to a minimum of £5,000)



• Buyers Fee of £1,500 inc. VAT



The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.



There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.



Additional Information:



For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.



This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).



Guide Price & Reserve Price:



Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.