Guide Price £30,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction.
Register now. Bidding opens 29/10/2025 10:00 and the auction ends at 29/10/2025 12:35.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
First Floor Retirement Apartment
This apartment occupies a convenient location in a popular Town Centre Retirement Development. Communal Entrance Hall with Lift serving all floors, Individual Entrance Hall, 1 Bedroom, Recently Re-fitted Shower Room, Pleasant Sitting Room, Newly Fitted Kitchen, Sealed Unit Double Glazing & Electric Economy 7 Heating, House Manager, Large Residents' Lounge & Laundry Room.
The development has well-lit and heated communal hallways, all floors are serviced by a lift and stairways whilst all properties benefit from Double Glazing and Economy 7 Night Store Heating. Homeminster House has state-of-the-art safety & security systems linked to experienced House Managers who are responsible for overseeing the smooth day-to-day running of the building whilst an out-of-hours Careline service provides peace of mind when the House Managers are off duty. A guest apartment is also available by arrangement for visiting friends and relatives.
Sitting Room 17' 4'' x 10' 7'' (5.28m x 3.22m)
Refitted Kitchenette 7' 1'' x 5' 4'' (2.16m x 1.62m)
Bedroom 14' 1'' x 8' 8'' (4.29m x 2.64m)
Ground Rent: £206.95 for the half-year period 1 March 2025 to 31 August 2025.
The property is held on a 125 year lease which commenced in 28 February 1989 subject to an annually reviewable all-in maintenance charge payable in two six-monthly instalments. The charge for the half-year period 1 March 2025 to 31 August 2025 is £2,095.53 which covers maintenance of communal areas, provision of the House Managers, metered Water supply and also includes Buildings Insurance.
Tenure Leasehold - 89 Years Remaining
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+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).
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.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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