>
Studio flat for sale
West Street, Blandford Forum, Dorset, DT11
£70,000
West Street, Blandford Forum, Dorset, DT11
£70,000
Our Summary
- ** For Sale By Online Auction** Pre Auction Offers Considered** Cash Buyers Only** We are pleased to present this well appointed town centre studio apartment which will make an ideal investment property
- 25 pa Traditional 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 auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- 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
- 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
Description
This well-appointed town centre studio apartment is being sold via online auction, with pre-auction offers considered. The property has a remaining lease of 106 years, with ground rent of £150 per annum, service charge of £566.73 per annum, and buildings insurance of £152.25 per annum. The auction will run for three hours on a set date and time, and the winning bidder will be legally bound to exchange on the property and pay a 10% deposit. In addition to the purchase price, the winning bidder will also be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT, subject to a minimum fee of £5,940 inclusive of VAT. It is essential that bidders review the legal documents prior to bidding and seek legal advice.