1 bed flat for sale

Milford Road, Pennington SO41

** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price - £30,000 - £35,000**

A second floor retirement apartment just a few minutes level walk to the local village shops and about a mile from the centre of Lymington with a bus stop just outside. Benefiting from a lease extension with 139 years remaining.

A staircase and lift lead to the second floor where the front entrance door opens into a hallway with a large airing cupboard. The living room overlooks the communal gardens. The kitchen is fitted with a range of wall and floor mounted units with an electric hob and integrated oven, there is also space for further appliances.

The bedroom has a built in wardrobe and is served by a shower room.

Outside: There are maintained communal grounds.

Additional Information -
Tenure - Leasehold
Lease Length - Approximately 139 Years Remaining
Vacant Possession
Ground Rent: £878.78 per annum
Service Charge: £3594.24 per annum
Age Restriction: Residents Must Have Attained 55 Years Of Age
Gas Central Heating

Lymington's closest neighbour leads to the picturesque salt marshes on the Solent shore to the South and backs on to the New Forest National Park to the north. One mile from Lymington High Street, Pennington village offers schools for all ages.

Pennington has all of the essentials you could need, including Tesco Express, a variety of takeaway food outlets and Inns. Pennington also offers a number of quiet country lanes an historic public common (included in the National Park) along with a sports centre for the more strenuous activities.

Modern Terms & Conditions -
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange, or the vendor reserves the right to remarket the property, and the reservation fee will not be returned, they will then have a further 28 days to complete. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the sale price.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.