** UNSOLD, PLEASE REFER TO AUCTIONEER **
RESIDENTIAL INVESTMENT: A VACANT LEASEHOLD THREE BEDROOM SPLIT LEVEL APARTMENT OFFERING SEA VIEWS SOLD WITH A LOW LEASE UNDER MARKET VALUE
This property which is placed in what is considered to be a popular location is sold with a low lease and is considered to be under market value. The property itself is well presented and offers sea views to the rear. It is suggested that the true market value of the property once the lease has been renewed would be in the region of £450,000 to £500,000 however we recommend any interested parties conduct their own investigations into this.
Entrance Hall with stairs to -
First Floor Landing
Bedroom One - 17'1 x 14'6
Lounge/Diner - 24'6 x 19'4 > 11'5
Sun Room - 19'8 x 6'6
Kitchen - 11'3 x 9'5
Second Floor Landing
Bedroom Two - 20'7 > 14'7 x 13'9
Bedroom Three - 18' x 10'6
South Facing Rear Garden
Access to Garage
The property is subject to a lease of 99 years from the date of 1st May 1961 thus, there are approximately 41 Years remaining.
By appointment with the Auctioneers
Please contact us for more information
Tel: 01702 311010
* Important information about guide prices and reserve prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that provisional reserves range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition below). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.