Apartment
DRAFT DETAILS
Situated within yards of the train station and City centre is an extremely well appointed basement studio apartment located in Amber House which boasts a wealth of character and charm throughout.
The apartment is currently let on a reduced AST at £450 per calender per month (£5,400pa) and with vacant possession now available from the 12th September 2022. In our opinion, based on comparable evidence, the estimated rental income will likely achieve £525 per calendar month (£6,300 per annum), this would equate to an impressive 14% based on the guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
There is a communal entrance hall with internal door leading down to the basement studio apartment which consists of an open plan living kitchen/bedroom measuring 15ft2 x 11ft1 with refitted kitchen having quality built in appliances and a thoughtfully designed en-suite shower room. Outside there are electronic gates which provide access through to the communal parking area along with an allocated parking space. Potential investment opportunity.
Entered by door to front and with internal door leading through to the basement where there is a corridor leading through to Apartment 10.
Comprising -
With double glazed window, quality refitted kitchen in gloss units comprising a range of wall mounted cupboards with matching base units, L-shaped preparation surface with a stainless steel Franke sink with mixer tap, Neff stainless steel built in electric oven, four ring hob, cooker hood over. Wood grain effect laminate floor covering, range of down-lighters, sprinkler system, power point, television point, electric panel heater and fire door.
Comprising a generous sixed enclosed shower, concealed low level wc, vanity wash hand basin with cupboard beneath, range of down lighters, extractor fan, chrome laddered heated towel rail.
There is a driveway with decorative wrought iron electronic gates leading through to the block paved communal parking area where there is an allocated parking space.
Length of lease: 999 years from 01/01/17. Current ground rent: TBC. Ground rent review period: TBC. Current service charge: TBC. Service charge review period: TBC. This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Images were taken in 2018. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. Vacant possession upon completion.
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.
