4 Portland Court, Newark, Nottinghamshire, NG24 4XQ
2 bedroom ground floor apartment in Newark, Notts.
Please note the lease is approximately 152 years unexpired and not as stated in the catalogue, refer to the legal pack for full details - updated 31/08/2022 @ 9.50am
A Vacant Long Leasehold Ground Floor Apartment
Property DescriptionA recently refurbished two bedroom ground floor apartment, set within an art deco purpose built block of apartments, standing in communal grounds.
LocationThe property is located within an easy walk to Newark Town Centre and two train Stations including mainline services to London Kings Cross, providing easy access to a wide range of amenities and facilities.
AccommodationGround Floor Only: Communal Entrance and Hall.
No. 4: Hall with Store, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Outside: Rear Communal Courtyard with Brick Built Store.
The property benefits from having a gas fired central heating and double glazing.
Energy Performance RatingD.
Council Tax BandA.
TenureLong Leasehold – Vacant possession upon completion.
Auctioneer's NoteWe have been informed by the Vendor that the Lease is approximately 180 years unexpired, subject to a nil ground rent. The service charge approximately £700 per annum which includes grounds maintenance and building insurance.
Please refer to the legal pack for full details.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsSee viewing schedule. Please note the appointments listed below are pre-booked so there is no need to book in prior to attending.
Friday 2nd Sep 2022 10:00-10:15
Wednesday 7th Sep 2022 15:30-15:45
Friday 9th Sep 2022 10:00-10:15
Monday 12th Sep 2022 15:30-15:45
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee 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 ‘lot information’. 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.