Block of Apartments
A freehold investment opportunity comprising of a block of five flats situated in a popular and convenient location within Eastwood. Within an easy walk of an abundance of local amenities and great road and public transport links.
The property generates an income of £27,888 per annum when fully let. Four flats are in general good order with a rear ground floor flat requiring modernisation.
Currently there are 3 flats which are let bringing in a combined £16,656 per annum.
There is a good size rear garden with scope to extend to rear flat into a two bedroom flat or even to create a further flat, subject to planning.
The property has up to date electrical certificates, fire alarms and emergency lighting.
A superb investment opportunity with a potential return of over 14% against the guide price.
With original tiled flooring. Fire alarm system and stairs to upper floors.
Kitchen
Lounge/Bedroom
Shower Room
Lounge
Kitchen
Bedroom
Bathroom
Lounge
Dining Kitchen
Bedroom
Shower Room
Kitchen
Lounge/Bedroom
Shower Room
Lounge
Kitchen
Bedroom
Shower Room
Freehold. 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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
