Pegasus Way, Gillingham, Kent, ME7

Description

FOR SALE BY MODERN METHOD OF AUCTION. Starting Bid £205,000 plus reservation fee. Offered to the market with no onward chain is this two bedroom third floor flat. The accommodation comprises, entrance hall, open living kitchen area, family bathroom, and two good size bedrooms, with en-suite to the master. Being situated in the waterside location and being close to local shops, restaurants and road links viewing is highly recommended to appreciate what this home has to offer.

Auctioneer Comments

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of 6,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. (truncated)

Location

Situated on the south bank of the River Medway, only eight miles from Sheerness, the Marina lies below the Chatham Historic Dockyard in Gillingham Reach. Five miles downstream of Rochester Bridge, Gillingham Marina is an ideal base for both local cruising on the Medway and the Thames or for more extended voyages to the East Coast and to France. It lies in a sheltered position from winter winds and, being just 5 miles from the M2 on the Medway Towns Northern Link Road, it offers an attractive alternative to the South Coast.

Auction Notes

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 Limited. 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 (subject to lending criteria, affordability and survey). 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 (truncated)

Hall

Kitchen/Lounge

6.6m x 3.5m

Bedroom One

4.8m x 2.8m

Ensuite

Bedroom Two

3.4m x 3.m

Bathroom

2m x 1.8m