Property description

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum of six months, with the exception of short-term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

LIN220322/8

Description

***for sale via modern method of auction*** A superb investment opportunity! This top floor apartment is in need of full refurbishment but is ideal for any investors looking to start or add to their investment portfolio. Briefly comprising; Communal Entrance, Hall, Lounge, Kitchen, Two Double Bedrooms, Shower Room. The property also has it's own Garden area and there is On Street parking available. EPC grade C - no onward chain!

Location

Positioned on the immensely popular Ermine estate, uphill location close to the City Centre. With a wealth of amenities and schooling options on it's doorstep this property has everything you need surrounding it. The location offers easy access onto the A46 bypass for commuters alike.

Auction Terms

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
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 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to 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.
This property has a Buyer Information Pack which is a (truncated)

Communal Entrance Hall

Key access, private storage unit.

Hall

Internal door in.

Lounge (4.87m x 3.79m)

Double glazed window to front aspect, gas fire, radiator.

Kitchen (2.18m x 3.24m)

Double glazed window to rear aspect, wall and base units, stainless steel sink unit with drainer and mixer taps over, radiator, space and plumbing for appliances.

Bedroom 1 (4.5m x 2.81m)

Double glazed window to front aspect, radiator, storage cupboards.

Bedroom 2 (3.16m x 3.24m)

Double glazed window to rear aspect, radiator.

Shower Room (2.17m x 1.68m)

Three piece suite comprising of shower cubicle, low level WC, pedestal wash hand basin, double glazed frosted window, radiator, tiled splashback.

Outside

Parking available but not allocated, outside Garden area to the rear of the property and a storage unit for the property.

Tenure

Leasehold. 125 years from 14th April 2000. Service charge approximately £400 per annum. Ground rent approximately £10 per annum.

Council Tax

Lincoln City-Band A.
Amenities

For sale via modern method of auction

Starting bids £67,500

EPC grade C

Lincoln City district council

Council tax band A

Subject to reserve price

Top floor apartment

Ideal investment