Coton Manor, Shrewsbury, SY12LT

This auction has ended!
Bid Count:
3
   
Final Bid:
£72,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

With stunning South facing views over the West Midland Showground, Town and Countryside beyond, this fabulous Penthouse Apartment offers very spacious accommodation ideal for those looking to downsize and retire, a professional couple or Investor looking for a great return and which is within a short walking distance of the Town Centre.

The Apartment offers truly deceptive accommodation which must be viewed to be fully appreciated. With an excellent Reception Hall opening to the large Lounge area off which is a Study/Garden Room. A well fitted modern Kitchen/dining Room is fitted with integrated appliances and provides stunning views over the adjoining West Midland Showground and Town beyond, a dramatic backdrop whilst entertaining. The Master Bedroom is of a good size with a 5 piece en suite Bathroom adjoining again both with stunning views and two further double Bedroom with Shower Room. The property is currently earning the Vendor a 6% yield with their Tenants who are on an assured 6 month shorthold tenancy which is now in its rolling period.

Secure Communal Entrance with lift and staircase leading to the FOURTH FLOOR landing which gives access to the 2 Penthouse Apartments.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is 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 £220.00 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.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Personal Entrance Door opening to Spacious Reception Hall - with wooden floor covering, electric heater. Impressive Living Room - 5.59m x 5.31m (18'4" x 17'5") - A lovely light room with two large picture windows to the front and side with open aspect, storage heater, TV and telephone points. Study/Garden Room - 4.19m x 3.10m (13'8" x 10'2" ) - A great multi purpose room featuring a full height window with decorative wrought iron work providing stunning views overlooking the West Midland Showground, River Severn and Town beyond. Further window to the side. Excellent Kitchen/Dining Room - 5.11m x 4.29m (16'9" x 14'0") - An ideal entertaining room with a stunning backdrop with views as of the Study/Garden Room. The Kitchen Area is comprehensively fitted with a range of high gloss fronted units incorporating one and half bowl sink set into base cupboard. Further range of matching base units comprising cupboards and drawers with worksurfaces over and having range of integrated appliances including washing machine, fridge freezer and wine cooler. Inset 4 ring halogen hob unit with extractor hood over and 2 double ovens. Complimentary tiled surrounds, matching range of eye level wall units and Airing Cupboard housing boiler and shelving. Ample space for Dining table. Master Bedroom - 4.70m x 2.90m (15'5" x 9'6") - Again with stunning south facing views over the West Midlands showground, River Severn and town beyond. En Suite Bathroom - Well appointed with suite comprising corner panelled bath, shower cubicle, wash hand basin set into glazed surround, bidet and WC suite. Complimentary tiled surrounds, large picture window again with views over the Showground, River Severn and Town beyond. Bedroom 2 - 2.59m x 2.49m (8'5" x 8'2") - having window to the front. Range of fitted wardrobes. Bedroom 3 - again with window to the front, range of fitted wardrobes. Shower Room - with matching white suite comprising corner shower cubicle, wash hand basin and WC suite Outside - Coton Manor occupies a commanding position on the edge of the Town Centre and is set in well maintained walled gardens which are laid extensively to lawn with an abundance of flower, shrub and herbaceous beds with inset specimen trees and provide a delightful setting for the residents. Garage - 4.80m x 2.39m (15'8" x 7'10") - and visitor parking.

Monks

Local Branch: 10a Shoplatch, Shrewsbury, SY1 1HL
Head Office: 10a Shoplatch, Shrewsbury, SY1 1HL

Fees & Charges Explained

Coton Manor, Shrewsbury, SY12LT

This property is sold unconditionally with the successful purchaser required to place a 10% non refundable deposit and exchange immediately after the auction.

A reservation fee of 4.2% to minimum of £6,000.00 including VAT is also required under this method.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0121 366 0539.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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