Call 0800 038 5996

Guide Price: £130,000.00

Modern Method of Auction

Flat 50 Popes Court , Water Lane, Totton , Southampton , SO40 3GF

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CURRENT BID*

£125,000.00

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AUCTION CLOSED

Lot Number: 99280906

Property ID: 58832497

Hamwic Estate Agents

enquiries@hamwicestateagents.co.uk

023 8066 3999

The minimum current bid is £125,500.00

Fees Apply

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

£

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Guide Price

£130,000.00

Method of Auction

Modern

Property Type

Flat

Number Of Beds

1

Tenure

Leasehold Property

Address

Flat 50 Popes Court

Key Features

LOUNGE ~ KITCHEN ~ BATHROOM ~ DOUBLE BEDROOM ~ DOUBLE GLAZED WINDOWS ~ ELECTRIC HEATING ~ HOUSE MANAGER ~ 24 HOUR CARE LINE ~ EMERGENCY PULL CORDS IN ALL ROOMS ~ RETIREMENT APARTMENT ~ NO CHAIN

Description

For Sale by Online Auction between 16:00 and 19:00 on 3rd November 2020. Pre-auction offers considered. Mortgage buyers welcome. Hamwic Independent Estate Agents are pleased to offer for sale this 1 bedroom retirement apartment within Popes Court, located in the centre of Totton. The property has the benefit of an in House Manager, a 24 hour emergency care line and communal gardens.

Agent's Notes - This property is offered for sale by the ‘modern method of auction’ through an 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 winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. 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 & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. 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, provide card and solicitors 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 the guide price.

Popes Court was constructed by McCarthy & Stone and comprises of 49 apartments arranged over 3 floors. The House Manager can be contacted from various points within each apartment in case of an emergency. For periods when the House Manager is not available there is a 24 hour emergency care line. Each apartment comprises of a lounge, kitchen, one or two bedrooms and a bathroom. It is a condition of purchase that residents be over the age of 60 or in the event of a couple, one must be over the age of 60 and the other over the age of 55.

This one bedroom apartment is located on the 2nd floor.

Ground Rent: £425 p/a
Maintenance: £2,070 p/a includes building insurance
Lease: remaining 114 years

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: SO40 3GF

Agent's Information

Name: Hamwic Estate Agents

Address: South Parade, Totton, Hampshire, SO40 3PY

Telephone Number: 023 8066 3999

Email: enquiries@hamwicestateagents.co.uk

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