FOR SALE BY AUCTION. A purpose built first floor leasehold flat with a term of 125 years from 1989 located on the northern outskirts of the town and requiring a scheme of modernisation. Epc rating C.
Louth is an attractive market town with a population of approximately 17,000 and enjoys a thrice weekly open market, independent shops and national retailers, three supermarkets, leisure centre, two Golf courses, cinema and theatre. The town is positioned on the edge of the Lincolnshire Wolds a designated area of natural beauty and is situated some 25 miles north east of the city of Lincoln and some 16 miles south of the town of Grimsby.
Ground Floor Entrance Hall
With UPVC double glazed entrance door and staircase to 1st floor
With built-in cupboard housing gas fired combi central heating boiler, thermostat control and three further built-in storage cupboards.
Lounge 1.5 x 2.28 metres
'L' Shape. With radiators and old gas fire.14'8'' x10'5'' (4.48m x 3.17m) &
Kitchen 2.28 x 2.95 metres
With modern fitted kitchen comprising wall and base cupboards, stainless steel sink and drainer, space for washing machine, integrated Lamona electric oven and hob, stainless steel extractor hood, granite effect worktops, tiled splashback, radiator.
Bedroom 1 2.67 x 4.34 metres
With radiator and Master socket point.
Bedroom 2 229 x 2.68 metres
Bedroom 3 1.97 x 2.6 metres
With tiled shower cubicle housing mains fed bar shower, wash basin, radiator and access to roof space.
With closed coupled toilet
With rear garden.
Understood to have mains water, electricity, gas and drainage.Gas fired central heating.
Long leasehold from 13th February 1989 for a term of 125 years with a service charge understood to be currently Â£81.60 per annum and a ground rent of Â£10.
Council Tax Band
According to the government's online portal the property is currently in Council Tax Band A
The sale of this property will be by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales). Bids can be made from 29th November 2022 until 20th December 2022 at 2pm. Binding contracts of sale will be exchanged at the point of sale.All sales are subject to SDL Property Auctions' Buyers Terms.
Auction Deposit & Fees
Auction Deposit and Fees:The following deposits and non- refundable auctioneer's fees apply:• 5% deposit (subject to a minimum of £5,000)• Buyer's Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer's Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions' home page.This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Viewing strictly by appointment only through our Louth office.Louth office open: Monday to Friday 9 am to 5 pm. Saturday to 9 am to 1 pm.
Prospective purchasers are advised to discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
Thinking Of Selling?
Getting the best price requires market knowledge and marketing expertise. If you are thinking of selling and want to benefit from over 150 years of successful property marketing, we can arrange for one of our valuers to give you a free market appraisal and advice on the most suitable marketing package for your property.