Apartment
The property is in good order throughout and benefits from GCH, UPVC double glazing, modern bathroom and kitchen and a single garage.
It is well placed for local amenities including shops, schools and parks and gives excellent access to Loughborough and the motorway network.
A great first time buy or excellent buy to let investment with an estimated rental value of £500 PCM / £6000 per annum, offering a return of around 9%. The garage could be let separately at around £50 PCM / £600 per annum, increasing the return to around 10%.
We have been informed that there are 90 years left on the lease.
In more detail:
With secure doorway and intercom system
With intercom
With double radiator, TV point and window to the front aspect
With a range of modern base and wall units, sink unit, space for appliances, radiator, wall mounted combi boiler and window to the rear
With radiator and window to the front
With radiator, built in wardrobe and window to the rear aspect
Including a modern, white sute comprising low flush w.c. wash hand basin, panel bath with electric shower over, part tiled walls, radiator and window to the rear aspect.
Well maintained communal lawned gardens.
The property benefits from a single garage in a block to the front with an up and over door. Identified with the number 35A above the door.
The garage offers excellent storage and are sometimes let out separately and usually achieve around £50 pcm.
Leasehold.
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.
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