2 bed Flat for sale in Sea Road, Dorset, BH5 (ref: 379629)Shortlist
- Management incentive available
- Close To Beach
- No Onward Chain
- investment opportunity
- Mortgage buyers welcome
- Buyers fee applies
- Tenant in situ
- Long standing tenant
- Guide Price £80,000-£90,000
- Auction pack available on request
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.
-£80pcm service charges
-Lease 158 Years
-Ground Rent 75pa
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.
Stamp Duty Due
Based on a sale price of £80,000 the total amount of stamp duty payable will be:
Last updated: The calculator has been updated following the end of the stamp duty holiday on 1st October 2021.
* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.
- Status: Under Offer
- Reference: 379629