Apartment
DRAFT DETAILS - An excellent buy-to-let investment opportunity to acquire a purpose built one bedroomed ground floor flat situated within easy reach of the city centre, Pride Park and A52.
We are informed that the property was previously let at £375 per calendar month (£4,500 per annum). This represents a 11.5% return based on the guide price.
Internally there is a communal entrance hall and the gas centrally heated and double glazed apartment itself comprises of a passaged hallway, lounge, fitted kitchen with built in appliances, double bedroom and bathroom with three piece suite. Outside there are well kept communal gardens.
The property is situated in the context of an established residential location and is always a popular choice for landlords and first time buyers.
Entered by a secured door with intercom system. The apartment itself comprises -
With intercom system, two built in cupboards.
With uPVC double glazed window to the front and side elevation, wall mounted contemporary style fireplace and central heating radiator.
With uPVC double glazed window to front elevation. The fitted kitchen comprise a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling. Integrated appliances comprises a stainless steel electric oven with four ring gas hob, cooker hood over and central heating radiator.
With uPVC double glazed window to the front elevation and central heating radiator.
With uPVC double glazed window to the front elevation. Fitted with a three piece suite in white comprising a panelled bath with mixer tap, shower attachment, shower rail, low level wc, pedestal wash hand basin, tiling to walls and laddered heated towel rail.
There are well kept communal grounds which are mainly lawned with pathways and useful bin storage area.
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.
