A one bedroom first floor flat set within easy reach of the town & local amenities, option available to purchase with the current tenant in situ, paying £415pcm at present. The flat comprises lounge/kitchen, bedroom & bathroom. Also benefits from intercom entry, UPVC double glazing and allocated parking. Please note there is a remaining lease of 63 years on the flat.

Material Information Part A
Part A

Council Tax Band - A
Asking Price - Guide Price £90,000
Tenure - Leasehold
Lease length - 99 year from 1st December 1987
Service Charge - £804.00 (1st January 2024 to 31st December 2024)
Ground Rent -£70pa. (Collected on 1st January PA). To be revised to £140pa from 1st Dec 2053.
Following is supplied by Alpha Housing (Block Management) The standard Deed of Variation produced extends the original lease term from 99 years to 999 years with the ground rent payment ceasing. The loss reversion payment to the Freeholder (Kingsgate Properties Ltd) to extend the term of the flat is currently £10,630 (plus legal costs). This is valid as correct until 31st January 2024.

Accommodation Comprises
Communal front door into communal hallway, stairs up to the first floor, main flat front door to.

Entrance Hall
Laminate flooring. Wall mounted intercom handset. Built in airing cupboard. Doors to lounge, bedroom & the bathroom.

Lounge 4.12m (13'6") x 3.01m (9'11")
Wall mounted night storage heater. TV point. Coved ceiling. Laminate flooring. UPVC double glazed window, front aspect. Throughway to the kitchen.

Kitchen 2.98m (9'9") x 1.79m (5'10")
Comprising inset stainless steel single drainer, single sink unit with mixer tap, tiled surround and rolltop worksurface with cupboards & drawers below. Recess for cooker. Recess for washing machine, plumbing in place. Space for upright fridge/freezer. Built in storage cupboard. Laminate flooring. Striplight. UPVC double glazed window, side aspect.

Bedroom 3.20m (10'6") x 2.90m (9'6")
Built in wardrobes. Coved ceiling. Wall mounted electric heater. UPVC double glazed window, front aspect.

Bathroom
White suite comprising bath with wall mounted Triton Enrich shower over, tiled surround. Pedestal wash basin. Low flush WC. Extractor fan. Laminate flooring.

Outside
Parking area.

Material Information Part B
Part B

Property Type - First Floor Flat
Property Construction - Traditional
Number And Types Of Rooms - See Details and Plan, all measurements being maximum dimensions provided between internal walls
Electricity Supply - Mains
Water Supply - Mains, Vendor believes there is a water meter in situ.
Sewerage - Mains
Heating - Electric - Night Storage Heaters. Hot water heated via immersion tank.
Broadband - Please refer to Ofcom website.
Mobile Signal/Coverage - Please refer to Ofcom website.
Parking - Yes, Communal Car Park with an allocated space.

Material Information Part C
Part C

Building Safety - On enquiry of Vendor, we're not aware of any Building Safety issues. However we would recommend purchaser's engage the services of a Chartered Surveyor to confirm.
Restrictions & Rights- We'd recommend you review the Title/deeds of the property with your solicitor. Material covenants in the lease include; redecorate every 3rd year, not to permit any trade or business from the flat, no pets without consent, £10 + VAT assignment charge. *More covenants in place, refer to your solicitor*
Flood Risk - According to the Environment Agency's website, the property is in an area at a VERY LOW RISK from River/Sea flooding (defined as the chance of flooding each year less than 0.1%), and is in an area at a LOW RISK from surface water flooding (defined as the chance of flooding each year 0.1% to 1%)
Coastal Erosion Risk - N/A


Material Information Part C Continued
Planning Permission - No records on the Local Authority's website directly affecting the subject property.
Accessibility/Adaptations - No
Coalfield Or Mining Area - N/A

Energy Performance Certificate (EPC Rating ) - D

Other Disclosures
There is an option to purchase the property with the existing tenant in situ, they currently pay £415pcm, work full time and have lived in the flat for 5 years.

This Material Information has been compiled in good faith using the resources readily available online and by enquiry of the vendor, on the 06/12/2023. However, such information could change after compilation of the data, so Laceys cannot be held liable for any changes post compilation or any accidental errors or omissions. Furthermore, Laceys are not legally qualified and conveyancing documents are often complicated, necessitating judgement on our part about which parts are "Material Information" to be disclosed. If any information provided, or other matter relating to the property, is of particular importance to you please do seek verification from a legal adviser before committing to expenditure