A 3 bedroom apartment house requiring refurbishment, located in a popular residential area close to the town centre. A fantastic opportunity for letting investment.
Auction
To be sold by online auction (unconditional) on Tuesday 16th December 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with tenant in situ.
Lease
189 years from and including 25 March 1985 - 149 years remaining
Tenancies
Let on an AST for £1,500 PCM from 1st June 2024. Tenant has been in situ since 2019.
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
C - Hillingdon
Legal Pack
Legal Pack is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we’ll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
