leasehold - For sale by Modern Method of Auction; Starting Bid Price £4,000 plus Reservation Fee. An ideal investment opportunity to purchase a first floor double bedroom with en - suite. Having a shared kitchen and living area and ideally located within Bradford City Centre. The property has electric heating and is currently tenanted until 3rd September 2020 generating £250 on a monthly basis. With an annual ground rent of £300 and a quarterly service charge of £330. The lease is 250 years from January 2015. This property is exempt from an Energy Performance Certificate.
From our office head down Thornton Road. After approximately 1 mile veer left on to City Road. Continue on to Sunbridge Road. The building can be found on the left.
Information for Potential Buyers
As a buyer you will need to take into consideration that Stamp Duty maybe payable by you on any property purchase. Please note there is a Property Information Questionnaire available to view in our office. If unsure please call our office for further details.
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.
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 £3,000.00 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 £220.00 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.
Communal Entrance and Stairwell
Accessed by the main communal entry door with key code access.
Stairwell with postboxes and management information. This apartment is situated at entrance level.
13' 10'' x 8' 11'' (4.225m x 2.723m)
A double "POD" style bedroom with an shower en-suite. Having a double glazed window, an electric heater, laminate style flooring, a smoke detector and a tv socket. Intercom handset entry system.
6' 9'' x 3' 3'' (2.055m x 0.988m)
Shower Room En Suite
A curved glass Shower cubicle with a thermostatic bar shower, toilet, hand basin, extractor fan, laminate style flooring and part tiled walls.
Communal Area and Kitchen
This is a shared kitchen and seated area. ( Currently undergoing a re-furbishment ) but apartments do have use of other areas while the work is being undertaken.
Bradford Council Tax Band A £1,083.07 approx for 2019/2020.
Utilities and Services
Electric, Water and Drainage.
Free Market Appraisal
If you are considering selling or letting your property we offer a no obligation market appraisal and would be pleased to discuss your individual requirements. For further information please call a member of our Dinsdales Team 01274 498855.
Dinsdales Estates Sales, Lettings and Property Management are keen to stress the importance of seeking independent mortgage advice. This can be arranged through a panel of experienced advisers. Dinsdales can introduce this service and could receive a referral fee from CS Mortgage Solutions.
We are providing these details in good faith, to the best of our ability, in obtaining as much information as is necessary for our buyers/tenants, to make a decision whether or not they wish to proceed in obtaining this property under the consumer protection regulations. Upon request we can provide you with an electronic copy of the Property Information Questionnaire. We are covered by Client Money Protection through Propertymark and are members of The Property Ombudsman and Safe Agent.