_t202105271153.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271155.jpg?&uuid=sdl_website)
_t202105271153.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271154.jpg?&uuid=sdl_website)
_t202105271155.jpg?&uuid=sdl_website)
Block of Apartments
An infrequent and exciting opportunity to acquire a one and two bedroomed self-contained flats located in a former old bakery being part let, part vacant.
Located to the rear of this detached property is Flat 1A which is in need of refurbishment and once works have been completed we would estimate a minimum rental income of £400 per calendar month (£4,800 per annum). The accommodation for the flat comprises entrance hall with open plan through to a lounge, bedroom, kitchen and shower room.
Flat 1 has a ground floor entrance and leads to a first floor landing area with bedroom, generous sized lounge, breakfast kitchen room, a hallway provides further access to a good sized double bedroom and a bathroom with suite in white. Outside there is a driveway to the side of the property leading to ample parking area located to the rear of the property. Flat 1 is currently let on an assured shorthold tenancy agreement at £350 per calendar month and offers significant scope for rental increase.
In our opinion once the ground floor flat has been refurbished we would estimate a rental income of approximately £450 per calendar month. Once Flat 1 has been increased to our estimated figure of £500 (£6,000 per annum) this would equate to a combined potential income of £11,400 per annum.
Please note there is a further ground floor flat and garage that are owned separately and are not included within the sale.
The freehold is included within the sale and this property will surely appeal to local and national investors.
The property enjoys a tree lined position situated within a short commute of Ilkeston town centre which boasts an excellent range of amenities. Ilkeston itself boasts a new train station and is strategically placed for the M1 motorway and the cities of Derby and Nottingham.
Located to the rear of the property comprises -
Entered by PVC door opening through to -
With uPVC double glazed window and opening through to the bedroom.
With uPVC double glazed window.
With uPVC double glazed window and fitted units with built in oven and hob.
With uPVC double glazed window and comprising a shower cubicle, low level wc, pedestal wash hand basin, tiling to the walls.
This flat is in need of refurbishment and we estimate a rental income of comfortably £400 per calendar month (£4,800 per annum).
Comprising -
PVC door with staircase to first floor.
With central heating radiator.
With uPVC double glazed window and central heating radiator.
With uPVC double glazed window and central heating radiator.
With uPVC double glazed window. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, sink and drainer. There is also a built in oven and hob.
With uPVC double glazed window and central heating radiator.
Please note this is an irregular shaped room. UPVC double glazed window and central heating radiator.
Fitted with a three piece suite in white comprising a panelled bath with shower unit over, shower screen, low level wc, pedestal wash hand basin, tiling to walls and central heating radiator.
There is a driveway to the side of the property leading to ample car standing space located to the rear of the property.
The ground floor flat which is accessed from the road as per photo and garage are owned separately and are not included within the sale.
The freehold is available with the sale of the property.
We are informed by the seller that the garage is on a 999 year lease. This is to be confirmed and we would recommend interested parties to inspect the legal pack.
Part let, part vacant.
Freehold. Part let/part vacant.
Viewings:
To book a viewing, please contact SDL Auctions to arrange.
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through SDL Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (England & Wales) which are available on SDL Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
