Studio for sale

Smallthorn Place, Woodville DE11

Well presented ground floor studio - no onward chain - previously rented for £495PCM - good standard of local amenities. Accommodation briefly comprises communal entrance hall, living/bedroom space, kitchen and bathroom. Externally there are communal gardens.

Offered for sale is this well presented ground floor studio apartment, situated in a popular location and available with no upward chain. The accommodation includes communal entrance hall, living/bedroom space, kitchen and bathroom. There is parking to the residents and visitors on a first come first serve basis.

Smallthorn Place is situated in the popular location of Woodville, which enjoys a good standard of amenities including shops, pubs and takeaways. The property is ideally located within easy access of major commuter links, such as the A511, A38 and A42.

Living/bedroom space 11' 9" x 18' 4" (3.6m x 5.6m)

kitchen 8' 9" x 5' 5" (2.67m x 1.66m)

bathroom 5' 9" x 5' 1" (1.77m x 1.55m)

service charge and ground rent Service charge - £2781 per annum (includes Gas and Hot water)

Ground rent - £50 Per annum

The seller has advised that they have purchased a share of the freehold of the property.

Further information on this can be provided with in the auction pack.

Auction comments This property is for sale by Martin & Co Coalville powered by iamsold Ltd.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.