Frogmore, Fareham

CASH BUYERS ONLY. A four bedroom duplex apartment (second and third floor) with a single garage and views over playing fields to the rear. The property would benefit from a complete programme of refurbishment and currently has 49 years of lease remaining. Local shops are a very short walk away and transport links are easily accessible. Please call our Fareham office for further details before arranging an internal inspection.  

COMMUNAL ENTRANCE Stairs to second floor. 

HALLWAY  

KITCHEN 13' 09" x 8' 04" (4.19m x 2.54m)  

LOUNGE 17' 01" x 14' 04" (5.21m x 4.37m) Access to Balcony.  

WC  

LANDING  

BEDROOM ONE 14' 08" x 9' 11" (4.47m x 3.02m) Access to a Balcony. 

BEDROOM TWO 11' 00" x 10' 03 max" (3.35m x 3.12m)  

BEDROOM THREE 9' 02" x 6' 11" (2.79m x 2.11m)  

BEDROOM FOUR 8' 02" x 7' 10" (2.49m x 2.39m)  

BATHROOM  

GARAGE  

LEASE INFORMATION The seller of the property has informed us of the following lease information

Freeholder/Managing Agent - Lambert Smith Hampton Residential
Balance Of Lease (as of current date) - Approx 49 years
Ground Rent Charges - £35 every 6 months
Ground Rent Review Period - 1st April 2025
Service/ Maintenance Charges - £2083 per annum
Buildings Insurance Charges - included in service charge
Service Charge Review Period - 1st April 2025.  

AUCTIONEER COMMENTS
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 (for standard Grade 1 properties). 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 be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you