Flat for sale in Adams Way, Alton GU34

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.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

*Open To Offers* *Potential Rental Income of 12.8% Yield* The apartment boasts picturesque views overlooking meticulously maintained communal gardens adorned with lush lawns and a backdrop of tree-filled grounds belonging to the Wilsom Practice Health Centre. Constructed in 1986 by Laing Homes Ltd, this development imposes an age restriction, requiring purchasers to be at least 60 years old.

Noteworthy design elements include mahogany effect uPVC double glazed windows, light ash style doors with white glazed paneling leading into the spacious sitting/dining room, a convenient recessed dressing area in the primary bedroom featuring a wash basin and double wardrobe, electric storage heating, easily accessible light and power switchplates, and a loft hatch in the hallway equipped with a fitted ladder and light.

The kitchen is well-appointed with ample cupboard and drawer space, along with plumbing provisions for a washing machine and ample room for a fridge/freezer. Beyond the communal gardens lies a drying area and a secured gate providing direct access to the adjacent health center and pharmacy.

Additional amenities include a Tunstall calling system, pull cords for assistance, and the presence of an estate manager and residents’ lounge in Adams House.

The thriving market town of Alton has a great variety of boutique shops, excellent education for all ages including sixth form as well as great transport links with the A31 for both Guildford and Winchester. The mainline station gets you into London Waterloo in just over an hour which is great when you consider the plethora of countryside you are surrounded by. Property reference - CH0378

Leasehold - 99 years from 29 August 1986. Annual ground rent and service charges: £175.85 per month