Boulton Grange, Boulton Grange, Telford, Shropshire, TF3 2LA

Ref: Lot 10

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Registration Guide

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Town & Country Property Auctions Cheshire, Shropshire & Staffordshire
Town & Country Property Auctions Cheshire, Shropshire & Staffordshire

Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5% .+ VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Description

The Portfolio consists of:-

* Freehold of six flats but includes two residential flats - 1 bed ground floor flat (£475pcm) and top floor 2 bed flat (£525pcm).
* Leasehold 2 bed flat (£470pcm)

Freehold

The Freehold covers the freehold for flats 1 -6 Boulton Grange with its own annual income and this is currently being managed by a local Management Company on behalf of the vendor.
The vendor purchased the freehold in 2017 which included two residential flats (no.1 and no.5). No.1 is a 1 bed flat and is currently rented to a charity and has been for the last 6 years. The current rental for this flat is £475.00 . No. 5 is the top floor 2 bed flat (with balcony) and is currently being rented with a 12 month contract (November 2024). The current rent is £525pcm.

Leasehold

The leasehold flat (no.3) is currently let at £470.00 pcm on a rolling Contract. The lease is a 125 year lease from 4th August 1988 (90 years left) but effectively the freehold is being sold with this leasehold title should any amendment to the term be a preference.

Tenure

Freehold & Leasehold

Buyers Premium

* Plus 5% Buyers Premium + VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Council Tax Band

A


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

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