THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION POWERED BY 'IAMSOLD LTD'. STARTING BID £120,000 PLUS RESERVATION FEE.

CASH BUYERS ONLY **GREAT OPPORTUNITY ** REFURBISHMENT PROJECT ** GRADE ll LISTED ** 1ST FLOOR APARTMENT CONVERSION THAT FORMS PART OF SELE HOUSE.
This first floor flat is in need of substantial modernisation and improvement throughout, however represents a terrific purchase being situated in the county town of Hertford and just a short stroll of all the town's amenities and Hertford North Station serving Kings Cross/Moorgate.
At present the internal accommodation comprises: Main door and stairs up to first floor. Front door to: Small entrance hall, Living Room, Kitchen, Bedroom with Shower Cubicle and Wash Basin plus a separate W.C accessed from the main landing. Parking can be found to the rear of the building through secure gated 'residents only' vehicular and pedestrian access.

Auctioneers Comments - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements - The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Accommodation - Main front door to communal hallway. Window to rear aspect. Stairs up to the first floor where Apartment 3 can be found to the left hand side up another small flight of stairs. Small landing with window to front aspect. Front door opening to:

Hall - Small hall with coat hanging space and door to:

Bedroom - 3.35m x 3.71m into bay (11'00" x 12'2" into bay) - Bay window to front aspect. Fitted with a corner shower cubicle and pedestal wash hand basin. (This room could be sub-divided to provide separate bathroom facilities)

Living Room - 4.37m x 3.84m into bay (14'4" x 12'7" into bay) - Door recess with built in linen cupboard. Dual aspect room with large bay window to front and further sash window to the side. Exposed wood floor. Electric storage heater. Loft access hatch. Open doorway through to:

Kitchen - 3.05m x 1.96m narr. to 1.40m (10'0" x 6'5" narr. - Window to side aspect. Base units with work top and sink unit.

Cloakroom - Accessed from the landing. W.C and frosted window.

Exterior - The flat benefits from residents only, secure remote controlled gated access. There is parking to the rear of the building.

Agents Note - We are advised that:
The Lease expires on 24th March 3000 so 977 years remaining and has a peppercorn rent.
The current service charge is 1087.39 pa.
The flat has no ownership of a specific parking space but the owner has the right to park one car in the parking area to the rear.
The Freehold is owned by Sele House Management Company and the new owner will become a Shareholder in the Company

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