17 Albany Court, Robertson Terrace, Hastings, TN34 1JH

Top Floor 2 Bedroom Apartment, 17 Albany Court, Robertson Terrace, Hastings, TN34 1JH

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, seventh floor 2-bedroom apartment on the Hastings seafront with amazing panoramic views. Open for cash buyers only.

The accommodation briefly comprises of: Entrance hallway leading to a lounge, kitchen, bathroom and 2 bedrooms. There is a large double-sided balcony providing a special, private outside space with breath taking views.

Resident permit parking is available to the front of property.

There have been two Section 20 works notices served recently which relate to roof work and fire safety work. Flat 17 has paid its share for both; there are no outstanding charges relating to section 20 work. The fire safety work is almost finished, and the roof work is to be scheduled in for later this year.

The accommodation requires modernisation throughout and may suit those looking for a modernisation project. The property is sold as seen.

This is a short lease property with 36 years remaining (Expires 29th September 2059) and is therefore unmortgageable. There is no option for the vendor to serve the Section 42 notice; the buyer will have to try and negotiate a voluntary extension with the freeholder or wait a period of 2 years and extend via the statutory route. Any contact/negotiation with Freeholder should be handled outside of this sales process (ideally post completion) and cannot delay the strict completion terms of 60 days.

Please note that there will be no grounds for the buyer to exit the sale with a return of the reservation fee for any reasons connected with the general condition of the property, section 20 work covered in the listing, securing lending on the property or for anything concerning the short lease/lease extension. 60 days to complete.

To view the property please register as a buyer on the Hammer Price Homes website and book your place on an open day.

Location

Albany Court is within walking distance of Hastings town centre including the railway station, shopping facilities, amenities as well as coffee shops and restaurants. Hastings Pier is just a short stroll away along the coast road.

Other Information

Tenure: Leasehold (36 Years and 2 months).

Ground Rent: £26 per annum paid half yearly (March & September)

Maintenance charges: Circa £2,100 per annum paid half yearly (March & September)

Council Tax: Band B

LPE1 Form: Dated November 2022 available for download on the listing on the Hammer Price Homes website.

Albany Court Handbook: Available for download.

Roof works  – see document available for download titled roof tenders – Ladtract are appointed to complete the works (already paid for flat 17)

Auction Details

** Open for cash buyers only. 60 days to complete**

Auction ends – Thursday 3rd August 2023 at 2pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 1^st August 2023 at 10am (Bidding will not be possible until this time)

Starting price – £72,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT, subject to a minimum of £3,600 Inc. VAT) payable by the buyer within 2 hours of winning the auction. Payment is to be made by Bank Transfer; we do not accept card payments. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

Special Conditions

This auction is open to cash buyers only. Please note that there will be no grounds for the buyer to exit the sale with a return of the reservation fee for any reasons connected with the general condition of the property, section 20 work covered in the listing, securing lending on the property or for anything concerning the short lease/lease extension. 60 days to complete.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.

This property is being sold as part of a deceased estate with vacant possession and is sold as seen. The administrator and solicitor may not be able to answer the usual pre-contract questions.