Tattershall Road, Barge Court Tattershall Road, PE21

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £40,000. 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. SUITABLE FOR CASH BUYERS ONLY.

Ideal for investment buyers. Being sold with tenant in-situ with a current rent of £615 per calendar month or £7,380 per annum giving a potential gross yield well in excess of 15%. A ground floor flat with an allocated parking space and within walking distance to Boston Town Centre. Having accommodation comprising: entrance hall, lounge, dining kitchen, bedroom and bathroom.

ACCOMODATION

Part glazed side entrance door through to the:

ENTRANCE HALL

Having electric heater and built-in storage cupboard
and further built-in airing cupboard housing hot
water cylinder with fitted electric immersion heater.

LOUNGE

4.1m x 5.2m

Having windows to front & side elevations, coved &
textured ceiling, two electric heaters and dado rail.

DINING KITCHEN

3.5m x 3.5m

Having window to side elevation, electric heater and
tile effect vinyl flooring. Fitted with a range of base &
wall units with work surfaces & tiled splashbacks
comprising: stainless steel sink with drainer & mixer
tap inset to work surface, cupboards, drawers,
space & plumbing for automatic washing machine
under, cupboards & shelving over. Work surface
return with inset electric hob, integrated electric oven
& cupboards under, stainless steel cooker hood
over.

BEDROOM

3.3m x 3.5m

Having window to side elevation and electric heater.

BATHROOM

Having wall mounted electric heated towel rail, vinyl
flooring, tiled splashbacks, extractor, panelled bath
with electric shower fitting & anti-splash screen over,
close coupled WC and pedestal hand basin.

EXTERIOR

The property has an allocated parking space to the
rear.

SERVICES

The property has mains electricity, water and
drainage connected. Heating is via electric heaters.
The current council tax is band A. We are advised
that there is ground rent payable at £50 per year and
a service charge of £540 per year which is reviewed
every January. There are approximately 60 years
left on the lease.

AUCTIONEERS 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.

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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.

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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. 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 up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale.

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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.