Property description

For sale by online auction **
A second floor studio flat, with a separate kitchen and bathroom and a parking space in the centre of Blandford Forum. The studio is quietly located to the rear of a period building and is perfectly placed for all the amenities in the centre of this popular market town.

The property is offered as an investment to cash buyers as there is a long term tenant in situ paying £300 pcm.

Leasehold 120 years from 29th September 1998,96 years remaining. £5 Ground rent per annum (to be verified by your solicitor).

This property is for sale via 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 auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. 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 and provide card 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.

The property is situated in the centre of historical Georgian market town Blandford Forum. Blandford Forum is surrounded by open countryside and has a wide range of shops, amenities, café's, public houses and restaurants. There is excellent schooling in the area within both the private and state sectors to include Bryanston School and The Blandford School. Primary education can be found at Pimperne Primary, the Milldown and Archbishop Wake Primary School.

There is a regular bus service to the larger towns of Poole, 15 miles, Bournemouth, 22 miles and Salisbury, 22 miles all with main line stations to London Waterloo.
Amenities

Studio & Parking Space

Central Blandford Forum

Guide Price £50,000-£60,000

Cash buyers only

Auction pack available on request

Being sold with tenant in situ

Auction - tbc legal (if not sold Prior)