STARTING BIDS £30,000 - THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION *** FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES This second floor apartment, in need of a course of modernisation and upgrading provides a blank canvas for those looking to put there own touches to a property.
Ideally located a short walk from the popular and desirable High Street the accommodation the apartment offers includes: Communal entrance with stairs and a lift to all floors, private entrance hall, a lounge that has a balcony and is open plan with the kitchen, TWO bedrooms and an adapted bathroom.
Outside the grounds include parking.
From Norton High Street at the mini roundabout take Darlington Lane past the Duckpond. Gilpin House is on the right.
The front door to the apartments is controlled by a security inter com system.
There are stairs and lift to all floors.
Leading through the apartment.
Built in household cupboard.
Window and door onto the balcony.
Open plan into:-
Fitted with wall units, sink and drainer.
Adapted to a wet room with a walk in shower enclosure and wash house basin.
There is a separate W.C.
The grounds surrounding the apartments include off road parking.
The property is Leasehold.
There is 125 year Lease from 1978.
A monthly service charge is payable (£85.00 as of January 2018), this covers the cost of external maintenance including the grounds, the maintenance of the common user parts including stairwells, landings and the lifts, on site caretaker and buildings insurance.
The service charge includes the ground rent.
We have been informed there is approximately 85 years left on the lease and the service charge is £85.00 per month and includes the ground rent and buildings insurance.
As an owner of an apartment within this development you will become a shareholder of the Management Company which is subject to a transfer fee.
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 purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property 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 put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free 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 Great North Property Auction powered by iam-sold Ltd
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