AUCTION SALE – CASH OR AUCTION FINANCE WELCOME – COMPLETE IN 28 DAYS

Description

INFORMATION FROM THE AGENT
TENANT IN SITU, INVESTORS ONLY!! FIRST FLOOR APARTMENT CURRENTLY RENTED AT £550PCM. A GROSS RENTAL YIELD OF 6.6%

(POTENTIAL FOR A RENTAL INCOME OF AROUND £750PCM GROSS RENTAL YIELD OF 9%)

We are delighted to present this inviting 2-bedroom ground floor apartment, perfectly situated within walking distance of Newton-le-Willows high street and close to Earlestown Train Station. This prime location offers both convenience and accessibility, making it an ideal choice for commuters and local residents alike.

As you enter the apartment through the well-maintained communal areas, you are greeted by a spacious hallway that provides access to all rooms. The layout is thoughtfully designed, featuring two generously sized double bedrooms that offer ample space for relaxation and personalization.

The separate bathroom is well-appointed, ensuring comfort and privacy for you and your guests. The heart of the home is the open-plan kitchen and living area, which is perfect for entertaining or enjoying quiet evenings in. This bright and airy space is enhanced by a charming Juliet balcony, allowing natural light to flood in and providing a lovely view of the surroundings.

Additional features of this property include an allocated parking bay for your convenience and secure intercom entry, ensuring peace of mind.

This property has a long-term tenant who would like to continue renting the property.

All room sizes to be used as a guide only.

Hallway
1.00m x 8.11m

Bathroom
1.69m x 2.14m

Bedroom 1
4.91m x 3.04m

Bedroom 2

4.90 x 2.62m

Kitchen / Living Room
6.02m x 3.36m

Council Tax Band – A

Tenure - Leasehold, 999 years – 827 years remaining

Management Fee: £1,583.77PA

Ground Rent: £225PA

EPC - C

INFORMATION FROM THE AUCTION HOUSE:
Please note that all marketing including property description and imagery has been provided by the introducing agent. The Auction Company strongly recommends interested parties arrange an in-person viewing (strictly by appointment only) to fully appreciate all the property has to offer and to satisfy your own requirements.

Method of Auction:
- This is a ‘Timed Online’ auction, meaning bidding takes place online.
- Visit The Auction Company website find the property details and the bidding method.
- How long the bidding process is open for, is clearly stated as is the closing date and end time.

Registering to bid:
- In order to bid on the property, you are required to register your details.
- You will be required to undertake identity checks as this is the law.
- You will be required to register your payment details. This is to ensure you have funds available to settle the Buyer’s Premium and deposit.
- A hold/shadow will be placed on £1,000 for this.
- If you place a bid, it is deemed you have read, understood and agree to the Terms and Conditions of The Auction Company in their entirety.
- T&Cs, Buyers Terms and Special Auction Conditions are found on each property details. You must read these before bidding.

Auction type - Traditional Method of Auction (Unconditional):
- If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end and complete with 28 days.
- The held amount of £1,000 will be deducted from your account and will form part of the Buyer’s Premium payment.
- You will be contacted within 2 hours to settle the deposit amount payable and any remaining Buyers Premium due. Failure to make the payments you will be in breach of our auction terms.
** NO CARD PAYMENTS EXCEPTED ** TO PAY ANY REMAINING BALANCES **
- The Buyer’s Premium is set at 4% + VAT (£5,000 + VAT minimum). This is non-refundable and does not constitute towards the cost of the property.
- The deposit amount is 10% of the sale price and will be collected within 2 hours of the close of auction.

Legal Pack:
- The legal pack is a set of documents that relate to the property and the sale of it.
- It is highly recommended that you download and consider the provided legal pack for the property you are interested in bidding on.
- It is also advisable that you seek legal advice regarding the content of the legal pack, to ensure certainty before bidding.
- To download the legal pack, search for The Auction Company website and find the property of interest. There is a tab for ‘legals’ where you will find the documents. To download, you must create a free account with The Auction Passport.
- The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

Special Conditions of Sale:
- These conditions are not set by The Auction Company. They are conditions stipulated by the seller and are contractually binding.
- You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Council Tax Band

A

Lease Start Date

06/09/1835

Lease Duration

999 years (809 years unexpired)

Annual Ground Rent

£225

Annual Service Charge

£1,583