Block of Apartments
DRAFT DETAILS - AWAITING VENDOR APPROVAL
The property is a three storey modern building of brick construction under a pitched tiled roof with uPVC windows, electric storage heating and the apartments can be accessed via entrances at both the front and rear of the building.
The auctioneers have not inspected the property internally but believe the apartments to comprise –
Fitted with a range of all and base units with the benefit of integrated appliances including oven, hob, fridge freezer and free-standing washer dryer.
Fitted with a modern three piece suite of bath with shower over, wash hand basin and wc.
14 of the flats are let producing £6,475 per calendar month (£77,700 per annum). If fully let, we would anticipate a rent of £83,100 per annum.
The development is situated within easy reach of the heart of the bustling Alfreton town centre whilst close to excellent transport links, A38 and M1 motorway. Easy access to Derby, Sheffield and Nottingham. Superb investment opportunity.
See Legal Pack. Part let/part vacant.
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.
