1 bed flat for sale

George Street, Ryde, Isle Of Wight PO33

Situated in the heart of the Town Centre, this one bedroom apartment presents an excellent opportunity for investors looking to add value through modernisation. Requiring some updating and decoration throughout, the property offers fantastic potential to create an attractive rental investment or low maintenance Town Centre home.

The accommodation includes a separate double bedroom, a bright living area and a separate kitchenette, providing a practical layout with scope for improvement. Conveniently located within easy reach of local shops, restaurants, transport links and everyday amenities, the property is perfectly positioned for those seeking a central lifestyle.

Offered with excellent potential and available with no onward chain, this is an opportunity not to be missed by investors and cash buyers alike.

Auctioneer Comments:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable reservation fee, this being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.

The reservation fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Please call us to discuss this route of purchasing.