1 bed flat for sale

High Street, Melton Mowbray LE13

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply

attention investors. Tenant in Situ with potential yield of 11%. This first floor apartment is in the centre of Melton Mowbray offering open plan living/dining kitchen and a large double bedroom. It is exceptionally quiet here. This first floor apartment is accessed via a large communal hallway and enclosed staircase rising to the first floor where the apartment can be found with it's own entrance door.

This a leasehold property with 115 years left on the lease. Ground Rent - 33.40 per month. Service Charge - 201.09 per month

Enter apartment into entrance hall with telecom security system and wood laminate flooring. The living/dining kitchen has laminate wood flooring throughout and a window overlooking the rear courtyard. The kitchen has a good range of contemporary base cupboards and drawers. There is an integrated fridge and freezer, integrated electric oven with ceramic hob and extractor canopy over. There is also plumbing for a washing machine. Stainless steel sink with mixer tap set within wood laminate work surfaces. There is a large double bedroom with wall mounted electric heater and wood laminate flooring. The bathroom has a white three piece suite comprising a panelled bath with tiled surround and mixer shower over bath. Electric wall mounted towel rail/radiator and wall mounted water proof recessed TV over bath. There is wood laminate flooring and extractor fan. There is no garden or parking available here but there is a large park nearby and also parking available close by.
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.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 115
Annual Ground Rent Amount: 401.00
Annual Service Charge Amount: 2,413.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.