Ground Floor Studio Apartment
23 The Crescent, Bournemouth, BH1 4EX
- 10
Key features
Guide Price: *
£70,000
Fees apply
Reservation fee:3.2% (min. £6,000)
All fees include VAT at 20%
Auction Type:
Conditional
Sold for:
£70,000Bid history
3 bidsEThis is an automatic bid as the bidder has set a maximum bid for this lot
11/02/2022 13:59:08 - £70,000
MThis is an automatic bid as the bidder has set a maximum bid for this lot
11/02/2022 13:59:08 - £69,000
EThis is an automatic bid as the bidder has set a maximum bid for this lot
11/02/2022 13:31:04 - £59,000
Please note the flat is to be sold with a tenant in situ as a buy to let only. Currently rented: AST £595pcm - boasting a high yield.
The property is situated within walking distance of Boscombe beach, shops, supermarkets and businesses.
Accommodation comprises a private entrance with double glazed door to the main Studio room. The Studio is dual aspect with windows to 2 sides and has modern electric heaters with doors to both the shower room and a separate kitchen. The Kitchen has cupboard space with double glazed window and sink unit below, space and plumbing for washing machine, tall standing fridge and space for cooker. The shower room has a shower cubicle with wall mounted shower unit, wc, wash basin and extractor fan.
The studio flat is accessed via Walpole Lane which is at the rear of the building and is completely self-contained and has no access to the attached property. There is allocated parking adjacent to the flat.
Conditional Online Auction Information
Please note: This property is for sale by condition online auction. This means the successful buyer enters into a Reservation Agreement when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at their highest bid price.
Fees:
When entered into the Reservation agreement, the successful buyer must pay 3.2% (2.6% + VAT) of the purchase price (subject to a minimum of £6,000 incl. VAT). Where applicable, you may be required to pay any outstanding amounts of the reservation fee immediately at the end of the auction, if your bid is successful. You should check the Reservation Contract document contained as part of the legal documents for each property. Following this, the buyer must then exchange within the maximum time frame of 20 working days, and complete within the maximum time frame of a further 20 working days after that. This is subject to change and will be an agreement between buyer and seller.
Pricing Information:
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
MK Estates and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Ground Rent: £180 PA
Current Rent: £595 PCM
Summary
- Auction end
- 11th Feb at 14:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Auction end
- 11th Feb at 14:08
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
MK Estates - Iford
+01202 611270
2 Castle Parade Iford BH7 6SH
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and MK Estates Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by MK Estates Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.