Flat for sale in Apartment, Orme House, Orme Road, Newcastle-Under-Lyme ST5

Description

This one bedroom apartment comes fully furnished with an en-suite shower room. With access to the communal facilities including the gym, lounge and laundry room.

Orme House is perfect for the investor looking for a hands off and stress free approach with student accommodation in demand! The experienced management company takes the pressure off you and takes care of your investment, just to sit back and relax.

The onsite concierge is an added plus and ideal for the students who have enquiries and with abundance of amenities close by means the students are well catered for.

Leasehold - 250 years from 2019 (246 years remaining)
Ground Rent - per year - £350.00
Maintenance charge - per year - £2254.00

Management charge of 5.5% + VAT of the gross rent

Council tax band A
EPC: To follow

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
Full clarification is available upon request or by notification within the legal pack.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Viewing the property prior to bidding is advised. Bids can be made via The Auctioneers website or the Marketing Agents.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band: A
Tenure: Leasehold (246 years)
Ground Rent: £350 per year
Service Charge: £2,254 per year