Studio flat for sale

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Studio flat for sale

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.
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