25th April 2023 National Online Auction
Ground Floor Two Bed Flat
To be sold on behalf of lender NOT in possession – No Access & No Viewings Available.
Not inspected by Auction House but understood to comprise a ground floor, two-bedroom flat.
Accommodation
The property is understood to provide the following accommodation:
Internal: Entrance hall, living room, kitchen, two bedrooms, one bathroom/W.C.
External: Shared rear yard.
ADDITIONAL INFORMATION
We are informed that the property is a leasehold ground floor flat held on a Tyneside lease basis which includes the freehold to the first floor flat. Similarly the first floor flat ownsthe freehold to the security address.
LEASEHOLD INFORMATION
•The Ground Rent is collected by the Landlord albeit it is a peppercorn
•The two flat owners are to split repair costs for communal areas
•It is the Landlord responsibility to insure the property. This is designed to be mutually arranged by the Flat owners.
Tenure: long Leasehold
Title number: TY327438
Length of Lease/Term: 999 years from 22 November 1996
Ground Rent : £peppercorn
Service Charge: £n/a
Council Tax Band : A
Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Leasehold
EPC Rating: C
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
No fee applicable.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.