Call 0800 038 5996

Guide Price: £80,000.00

Modern Method of Auction

Flat 2, 21 Sea Road , Boscombe , Bournemouth , BH5 1DH

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AUCTION SOLD

Lot Number: 83944394

Property ID: 31326703

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

Guide Price

£80,000.00

Method of Auction

Modern

Property Type

Flat

Number Of Beds

2

Tenure

Leasehold Property

Address

Flat 2, 21 Sea Road

Key Features

Management Incentive Available
Close To Beach
No Onward Chain
Investment Opportunity
Mortgage Buyers Welcome
Tenant In Situ
Long Standing Tenant
Guide Price £80,000-£90,000
Auction Pack Available On Request
Buyers Fee Applies

Description

Ideal BTL purchase. This flat is ideal for any landlord looking to start or expand their rental portfolio. The tenant currently pays a rent of £725PCM and wishes to remain in the property for the foreseeable future.

The tenant has an excellent track record of rent payment and looks after the property well. We would highly recommend this property as a buy to let due to its location which is very close to local shops and a short walk from Boscombe Beach.

Charges
-£80pcm Service Charges
-Lease 158 Years
-Ground Rent 75pa

Auction terms:
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 a single figure guide price 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 1DH

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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