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Guide Price: £65,000.00

Traditional Auction

Flat 5, 16 Sea Road , , Bournemouth , BH5 1DB

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CURRENT BID*

£75,500.00

(Place a bid)

AUCTION CLOSED

Lot Number: 51497543

Property ID: 32387890

Paul Watts

margaret@paulwatts.co.uk

01202524252

The minimum current bid is £76,000.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

£

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Guide Price

£65,000.00

Method of Auction

Traditional

Property Type

Flat

Number Of Beds

1

Tenure

Leasehold Property

Address

Flat 5, 16 Sea Road

Key Features

ATTENTION INVESTORS! One bedroom flat on TOP FLOOR of converted building between shops and beach. LEASE EXTENDED - 189 years from September 1996. IDEAL RENTAL PROPERTY. Currently let at £550 PCM.

Description

OFFERED AT ONLINE AUCTION by the owner's sole agents
One bedroom flat on second floor of converted building
LEASE EXTENDED - 189 years from September 1996
Accommodation comprises one bedroom, lounge, internal bathroom with sloping ceiling and kitchen
Please note that none of the services, heating or appliances have been tested
The main shopping centre of Boscombe is close by and it is a short walk from the beaches and cafes at Boscombe Spa
Service charge for the 6 months to March 2020 £693.99 and peppercorn ground rent
Council Tax – Band A


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% inclusive of VAT of the winning bid in addition to the purchase price, subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms and conditions which will form part of the auction pack which will be available to download for free once produced by the vendor’s legal representative. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE.
Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. 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. In normal circumstances the reserve price should be no more than 10% above a single figure price guide or if a guide price bracket is quoted the reserve will fall somewhere within those figures.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: BH5 1DB

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Agent's Information

Name: Paul Watts

Address: Bournemouth, Dorset, BH8 9QT

Telephone Number: 01202524252

Email: margaret@paulwatts.co.uk

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