For sale by auction on Wednesday, 12 Feb 2020 at 11:00
Venue: The Sunningdale Suite Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ
This one bedroom duplex apartment is situated within a Grade II listed building close to the town centre. The apartment is let on an AST basis to a tenant who is currently holding over and paying a rent of £395 per calendar month £4,740 per annum.
The property has electric heating, a recently refitted shower room and is ideal for the experienced buy to let investor.
Bungay has a wealth of shops and community facilities and public transport to all major local centres.
Lease Details Length - 999 years from 10th February 2006
Ground Rent - Peppercorn
Service Charge - One third of the Service Costs
(see Legal Pack for further information).
Viewings 17 Jan 2020 10:00-10:45 24 Jan 2020 10:00-10:30 31 Jan 2020 10:00-10:30
Additional Fees Buyers Premium: £420 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.