Incredible Price at The George Hotel, Melton, LE13 0TR

NO ONWARD CHAIN - INCREDIBLE PRICE

BEING SOLD VIA SECURE SALE ONLINE BIDDING

TERMS & CONDITIONS APPLY. STARTING BID £70,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Vendors Position: No Chain
EPC Rating:   C
Council Tax Band:   A
Total Living Space: Approx  660 sq ft

Ground Rent: £401 per annum, Service Charge: £650 per quarter

Leasehold Property:  114 years

The George Hotel was once a famous coaching inn and is a Grade II listed building which has been re-designed into modern apartments finished to a high specification. Situated in a pedestrian area in the centre of town, this top floor apartment is entered via double doors into a communal hallway with intercom and comprises in brief, living room, fitted kitchen with integral appliances, two double bedrooms and a three piece white bathroom suite. There is no outside space or off-road parking attached to the property. 

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price'/'Starting Bid'. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments: In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services. 

Communal Entrance

Lounge Diner

3.52m x 3.52m (11'7" x 11'7")

Kitchen/Breakfast Room

1.92m x 3.22m (6'4" x 10'7")

Bedroom One

3.68m x 3.54m (12'1" x 11'7")

Bedroom Two

3.39m x 3.05m (11'1" x 10'0")

Bathroom

2.09m x 1.89m (6'10" x 6'2")

Local Authority

Local Authority: Melton Borough Council
Council Tax: A

Agent's Description

These particulars are issued in good faith but do not
constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.