Ground floor flat
Situated in a popular South Derbyshire village location is a modern purpose built one bedroomed ground floor flat representing an excellent buy-to-let investment opportunity.
The property is currently let on an AST at £500 per calendar month (6,000 per annum). This represents a 12.2% return based on the guide price.
The property itself offers well equipped living accommodation complemented by sealed unit uPVC double glazing, gas central heating and in brief comprises open plan living kitchen with built in appliances, useful storage cupboard, shower room with plumbing facility and a double bedroom. Outside there are communal grounds with an allocated parking space (number 303) which is positioned directly next to the property.
The South Derbyshire village of Hilton is a very sought after location boasting local primary school and also situated within the noted John Port School catchment area. Hilton itself has a pleasant old village part to it with numerous independent shops and public houses/restaurants. The village is just positioned off the A50 trunk road which provides swift access onto Stoke, Toyota, A38, Derby and Burton on Trent.
Entered by door to front, sealed unit double glazed window in uPVC frame to the front elevation.
Comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with mixer tap and splashback tiling. Integrated appliances comprise a stainless steel electric oven with a two ring electric hob. There is laminate floor covering, central heating radiator, television point, useful built in storage cupboard and access through to -
With sealed unit double glazed window in uPVC frame, continuation of laminate floor covering and central heating radiator.
(Located off the open plan living kitchen). Comprises a shower cubicle with low level wc, pedestal wash hand basin, complementary tiling to the walls, extractor fan, central heating radiator, built in storage cupboard with plumbing for automatic washing machine and shelving.
There are communal grounds and a parking space which is directly outside the property which is bay 303.
Leasehold. We are informed by the seller that there are 93 years remaining on the lease and the seller has advised that the maintenance charge is £65 per annum and £107 per month to cover utilities.
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.
