- (Auction) NO ONWARD CHAIN
- Buy-it-Now option available
- City Centre Location
- Modern Two Double Bedroom Apartment
- Open Plan Living
- Bathroom
- Ample Storage Space
- Call or visit GOTO Online Auctions for more information
General Information: Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
The Buyer’s Premium 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 a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of minimum £6,660 inclusive of VAT a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please?click here?for more information.
Material Information - Southampton
Tenure Type; Leasehold
Leasehold Years remaining on lease; 116 years
Leasehold Annual Service Charge Amount £1,875 p.a.
Leasehold Ground Rent Amount; £312.50 p.a.
Council Tax Banding; B
| Tenure: | Leasehold |
|---|---|
| Lease Years Remaining: | 114 |
| Ground Rent: | £313 per year |
| Service Charge: | £1,875 per year |
| Council Tax Band: | B |
The Buyer’s Premium 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 a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of minimum £6,660 inclusive of VAT a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please?click here?for more information.
Leasehold Years remaining on lease; 116 years
Leasehold Annual Service Charge Amount £1,875 p.a.
Leasehold Ground Rent Amount; £312.50 p.a.
Council Tax Banding; B
| Tax Band | % | Taxable Sum | Tax |
|---|
Want to explore 1-2 Hanover Buildings, Southampton further? Explore our local area guide
Struggling to find a property? Get in touch and we'll help you find your ideal property.
