Sold

Lagland Street, Poole, Dorset, BH15

Guide Price £95,000

1 beds
1 baths
1 reception

or call 01202 330555

Michelle Mooney

Christchurch

poole.sales@leaders.co.uk

Key Features

FOR SALE BY ONLINE AUCTION
6 WEEKS’ COMPLETION
Second floor flat
One bedroom
Requires minor improvement
Vacant leasehold
Good investment potential
431 Approx Sq Ft

Description

A vacant one bedroom apartment on the second floor of a Grade II listed building, requiring only minor refurbishment. This apartment is part of a gated, walled conversion in central Poole, offering excellent access to the town centre, quayside, port, beaches, and train station. It presents an ideal opportunity for either owner-occupation or as a rental investment, with an estimated rental income of £900 per month, depending on condition, offering a gross yield of 11.4% per annum. Council Tax Band: B. Service Charge: 1227.5. Ground Rent: 50.

Auction
To be sold by online auction (unconditional) on Thursday 27th February 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years from 12th January 2001- 101 years remaining.
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
B - BCP Council (Poole)
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendors solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices
Guide Prices are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and well require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.

Useful Tools

Calculate stamp duty online

I am a first time buyer or I am purchasing a property to replace my main residence.

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

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