For sale via modern auction!
A fantastic opportunity to purchase a purpose built third floor apartment with private balcony ideally situated in a town centre location.
As you proceed through the communal front door, lift and stairs lead to the third floor. Proceeding through the private front door of the property, you enter the l-shape entrance hall. Following this along to the spacious living room with plantation shutters, double glazed double doors leading to the private balcony with sea views. Back from the entrance hall is a separate kitchen fitted with a comprehensive range of wall mounted and matching base units with work surface and a selection of built in appliances. The property also benefits from three bedrooms with a modern en-suite shower room to the master bedroom with plantation shutters and separate modern bathroom.
Other features from the property include secure underground parking. Convenient location for access to Bexhill seafront, town centre and other local amenities. Internal viewing is highly recommended by Oakfield Estate Agents.
No onward chain!
Auction Notes
Starting Bid and Reserve Price
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by iam Sold.
Auctioneer's Comments
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:
• A non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price.
• A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iam Sold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification for this must be sought from your legal representative.The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the West Midlands Property Auction powered by iam Sold.
Living Room 4.57m (15') x 3.96m (13')
Kitchen 2.39m (7'10) x 2.21m (7'3)
Bedroom One 5.87m (19'3) x 3.18m (10'5)
Ensuite
Bedroom Two 3.25m (10'8) x 2.82m (9'3)
Bedroom Three 3.25m (10'8) x 2.26m (7'5)
Bathroom
Council Tax
Council Tax Band D- £1959 per year
Lease Information
This seller advises that the property is offered as leasehold with 118 years remaining on the lease. The ground rent is £250 per annum. The maintenance charges are £1803.62. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
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