2 bed flat for sale

Spring Place, Barking IG11

Summary

We present this 2 bedroom 2 bathroom apartment located on Spring Place, Barking. This apartment is positioned on a high floor with great views making it an ideal residential option and a superb investment option. Spring Place is home to several local amenities & schooling options making it a popular destination for growing families.

This apartment has several key features such as:

- Large private communal area
- Underground parking available
- Semi tiled bathroom
- Storage
- Balcony
- 2x bathrooms
- Double glazed windows throughout
- Gas central heating, combination boiler
- 2x Spacious bedrooms
- EPC Rating C
- Council Tax band C
- Walking distance to Barking Station & High Street

Tenure:

Lease term remaining: 108 years approx.
Service charge: 3000 per annum
Ground rent: 250 per annum
Rent: Current tenant is paying 1200 pcm, we estimate a market rent of 1750 pcm

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 108
Annual Ground Rent Amount: 250.00
Annual Service Charge Amount: 3,300.00

Auctioneers Additional Comments

Pattinson Auction are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer .

The property is available to be viewed strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid' or Guide Price' and is accompanied by a Reserve Price'. The Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price' / Starting Bid'.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.