For sale by Modern Method of Auction: Starting bid price £160,000 plus Reservation Fee. A one bedroom, fourth floor apartment with 24hr concierge, secure allocated parking & long lease, located centrally for Woolwich DLR, Station & Crossrail. This property is for sale by The South East Property Auction powered by iam-sold Ltd.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% inc VAT (3.5% + VAT) to a minimum of £6,000.00 inc VAT (£5,000.00 + VAT) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by London and South East Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.
Open to Kitchen.
Secured Allocated Parking.
Greenwich Council - Band B.
Woolwich Station, DLR & Crossrail - 0.2 Miles.
Lease length remaining - 136 Years.
Service charge - £2,415.12p per annum.
Ground Rent - £50.00 per annum.
Car Park - £2,000.00 per annum.
Please Note: All measurements are approximate and are taken at the widest points. They should not be used for the purchase of furnishings or floor coverings. Please also note that The Property Cloud have not seen any paperwork relating to any building works that may have been carried out within this property, nor have we tried or tested any appliances or services. These particulars do not form part of any contract, floor plans & photographs, whether enhanced or not, are for general guidance only. We would strongly recommend that the information which we provide about the property, including distances, is verified by yourselves upon inspection and also by your solicitor before legal commitment to the purchase.