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108a High Street, Ibstock, Leicestershire LE67 6LJ

Lot no: 8 Sold at Auction for £69,000
 

Guide Price £64,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 14th June 2018

11.30am
Key Features
  • Two bedroomed apartment
  • Close to local amenities
  • Excellent investment with a return of around 9%
  • Fully refurbished
  • EPC Rating: D
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Sold at Auction for £69,000

Flat

Property Description:

The village has an extensive range of amenities and is close to the Bardon 22 Industial Estate where Amazon and other large brands are located.
The apartment has been fully refurbished and is ready to move into or to be rented out. Benefits include a new kitchen and bathroom, Gas central heating with combi boiler, new flooring and décor throughout.

The property also benefits from a garage to the rear and its own, private garden.

Estimated rental income of around £6000 -£6500 per annum giving a return of 9-10%.

ENTRANCE HALL

With access through to the lounge.

OPEN PLAN LOUNGE & KITCHEN

21' 8" x 16' 1" (6.60m x 4.90m) max
A spacious open plan area with laminate flooring to the lounge area and tiled flooring to the kitchen. UPVC double glazed window. A modern, refitted kitchen with a range of base and wall units, plumbing for a washing machine, space for a cooker, a range of matching wall and base units, sink, inset ceiling lights and part tiled walls.

SHOWER ROOM

8' 6" x 5' 11" (2.60m x 1.80m) Being newly fitted and benefiting from double shower cubicle, low level WC, vanity wash basin, chrome towel radiator, radiator, cupboard, tiled flooring and part tiled walls.

BEDROOM ONE

11' 9" x 8' 8" (3.60m x 2.64m) Having uPVC double glazed window and radiator.

BEDROOM TWO

11' 9" x 9' 0" (3.59m x 2.76m) Having uPVC double glazed window, radiator and cupboard housing the combination boiler.

GARAGE

The property boasts off road parking to the rear and a single garage.
The garage could be let out separately and give a rental income of around £600 per annum.

GARDEN

The property has its own garden which is located to the rear of the garage.

Tenure:

Leasehold. Vacant possession upon completion.



Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.