Grange Road, Shanklin, Isle of Wight, PO37 Property for sale

Offered to the market 'chain free' is this 2 bedroom, ground floor apartment located in Shanklin Old Village and ideally located for all local amenities and bus routes. The flat can be accessed from either the main entrance in Grange Road or via the pretty communal garden that leads out into the quaint village and is all on one level with no steps. The internal layout comprises a good size open plan living and kitchen area, 1 double bedroom, 1 smaller bedroom, a bathroom plus and additional WC with utility area. (This offers potential to be a full 2nd bathroom if required) The flat is in need of modernisation and a heating system throughout although works to completely damp proof the flat have been completed recently offering peace of mind for the buyer. The flat comes with use of the pretty communal garden and if parking is required there is a local authority car park within 50 metres for which a parking permit can easily be attained. This property would suit those looking for ground floor living with no steps and has also been utilised as a successful rental property in the past and could be again once the required upgrades were completed.

LEASEHOLD: 125 years from 25 March 1990 (89 years remaining)

SERVICE CHARGE: approx £1000pa

GROUND RENT: £40pa

COUNCIL TAX BAND: A

Auctioneer Comments

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 (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation

Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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 £300 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.

Please call us to discuss this route of purchasing.