Flat
DRAFT DETAILS
A potential high yield residential investment opportunity with current vacant possession. A purpose built one double bedroomed ground floor flat with advantage of having its own front access and rear garden. The well presented and maintained flat could potentially produce a rental income of approximately of £425 per calendar month(£5,100 per annum), based on comparable evidence. This represents an impressive 17% return 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.
In brief, the uPVC double glazed(where stated) living accommodation consists of entrance hall, with storage cupboards, double bedroom, bathroom, kitchen and rear sitting room with patio doors leading out onto the garden that has gated access onto the communal parking area. The property sits well in popular letting area situated within easy reach of the inner ring road, Allenton and Alvaston shopping centres.
14ft5 x 2ft10.
10ft3 x 9ft4
8ft1 x 4ft1
11ft10 x 10ft8
10ft3 max x 6ft
Enclosed rear garden with timber panelled fencing and access onto the communal parking area.
Leasehold. Vacant possession upon completion.
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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.
