Flat 1, 132 Clarendon Road West, Morecambe, LA3 1SD

 1 Bedroom, First Floor Flat, Flat 1, 132 Clarendon Road West, Morecambe, LA3 1SD

Overview

Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 1^st floor, 1 bedroom flat in Morecambe. This auction is strictly open to cash buyers only with 28 days to complete from draft contracts being issued.

The accommodation briefly comprises: An entrance hallway leading to a lounge, kitchen, 1 bedroom and bathroom.

Please note that the vendors solicitor has not had any contact with the freeholder (Craigie Management Services Limited) and has not made attempts to contact them. As such, we cannot confirm current ground rent / services charges, nor will an LPE 1 form be provided. The vendors will also not be able to provide any receipts for payments for ground rents / service charges. No demands for any ground rent payments or service charge have been received.  See tenure / Management information section for more details.

The accommodation requires full refurbishment throughout suiting those looking for a modernisation project. Due to the condition, completion requirements and lack of contact with the freeholder, this sale is strictly open to cash buyers only. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, for any issues contained in the search pack provided or for anything to do with the lack of contact with the freeholder. The price reflects this.

To view this property please visit the Hammer Price Homes website, register your details, and book in for an open day.

Location

The property is situated within close proximity to local shops and amenities and is just a short walk from Morecambe’s promenade.

Special conditions

This sale is strictly open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, for any issues contained in the search pack provided or for anything to do with the lack of contact with the freeholder. The property is sold as seen. 28 days to complete from the vendors solicitor issuing draft contracts.

Tenure/Management Information

Tenure: Leasehold – 982 years remaining (999 years from 15^th November 2007). Land Registry information is available for download from the Hammer Price Homes website and should be reviewed prior to bidding.

Freeholder Information: Craigie Management Services Limited

Missing information due to no contact with Freeholder: Please note that the vendors solicitor has not had any contact with the freeholder (Craigie Management Services Limited) and has not made attempts to contact them. As such, we cannot confirm current ground rent / services charges, nor will an LPE 1 form be provided. The vendors will also not be able to provide any receipts for payments for ground rents / service charges. No demands for any ground rent payments or service charge have been received.

Lease – a copy of the lease is available for download from the Hammer Price Homes website which includes details of ground rent (£50 pa) and service charges (£600 pa) at the time of the lease, however we do not believe that any of this has been paid / nor being chased for.

The buyer is expected to complete the purchase without having any information / contact from the freeholder (Incl receipt of payments for ground rents / service charges or the LPE1). The buyer should make enquiries as to the Freeholder’s position post completion, should they wish.

Online Auction Details

** Strictly for cash buyers only. 28 days to complete from receipt of draft contracts**

Auction ends – Wednesday 19^th June 2024 at 1:00pm (Subject to anti-sniping)

Bidding Window Opens – Monday 17^th June 2024 at 1:00pm (Bidding will not be possible until this time)

Starting price – £12,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms).

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% Inc. VAT subject to a minimum fee of £3,600 Including VAT) is payable by the buyer within 2 hours of winning the auction. 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.

Searches – The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Other Information

The Solicitor and Deputy dealing with the sale of this property has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – A (taken from Government website)

EPC Rating – D (2018 Rating)

Utilities:

Primary source of Water Supply:                      Assumed Mains Water

Primary source of Electricity Supply:                Assumed Mains Electricity

Primary source of Gas Supply:                         Assumed Mains Gas

Source/s of heating:                                           Boiler and radiators, mains gas (taken from EPC)

Primary arrangement for Sewerage/Drainage: Assumed connected to a Public Sewer

Accessibility: Access to the first floor flat is via a shared front door and stairs, there is no lift.

Searches

Searches have been added and are available to download from the Hammer Price Homes. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

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 is a deputyship property and is sold as seen. The Deputy / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.