Merchant Mews, Park Road

FLAT 1 MERCHANT MEWS BEING SOLD VIA SECURE SALE ONLINE BIDDING. Terms & Conditions apply. STARTING BID £27,000. This property will be legally prepared enabling any interest 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. One bedroom first floor flat in central town location with shared rear courtyard. For sale with tenant in situ. Current rent £470pcm. 

ACCOMMODATION Enter the property through the communal entrance door leading to the staircase up to the first floor landing with private entrance door leading into: 

RECEPTION HALL 16' 11" x 2' 11" (5.17m x 0.9m) Central heating radiator, 2 ceiling lights, timer control unit, doors arranged off to: 

BEDROOM 10' 0" x 9' 4" (3.05m x 2.87m) Side window, ceiling light, radiator. 

SHOWER ROOM 9' 8" x 4' 8" (2.97m x 1.44m) Shower cabinet with fitted shower, low level WC, pedestal wash hand basin, automatic extractor fan, ceiling light, radiator. 

BREAKFAST KITCHEN 9' 8" x 7' 1" (2.95m x 2.16m) Wall mounted gas fired central heating boiler, roll edged worktops, base cupboards and drawers, single drainer stainless steel sink unit, electric oven and hob, plumbing and space for washing machine, intermediate wall tiling, eye level wall cupboards, textured ceiling, ceiling light, radiator, side window. 

LOUNGE 12' 9" x 11' 5" (3.91m x 3.50m) Radiator, window to the front elevation, textured ceiling, ceiling light. 

EXTERIOR The property is approached through a passageway and communal entrance door. There is a communal seating area and concreted shared yard to the rear. 

DIRECTIONS From Spalding proceed on the A151 in an easterly direction to Holbeach. Straight over the roundabout, into the centre of town taking the second exit at the traffic lights into Park Road and the property is situated almost immediately on the right hand side. 

AMENITIES Local amenities within the town including shopping, leisure, educational and medical facilities. The larger towns of Spalding, Boston and Kings Lynn and the city of Peterborough are easily accessible by road. 

LEASEHOLD TENURE We understand the lease commenced in around 1998 and is a 120 year lease. The ground rent payable (to be confirmed).  

AUCTIONEERS ADDITIONAL COMMENTS 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.