Block of Apartments
DRAFT DETAILS. Awaiting vendor approval.
An end town house arranged as 2x one bedroom flats. Let at £13,200 per annum.
A freehold investment opportunity comprising of two flats. One bedroom flat to the ground floor and a further one bedroom flat to the second floor.
The auctioneers have not inspected the property internally but are informed that it is currently full let. Each flat is let on an assured shorthold tenancy at £550 per calendar month/£6,600 per annum giving a total annual income of £13,200.
Each flat has a parking space to the front and the ground floor flat has the rear garden.
Each flat comprises of Lounge, Kitchen, Bedroom, Bathroom.
Situated in a highly regarded location close to the excellent array of shops, bars and restaurants along Queens Road.
A good buy to let investment with income from day one. Internal viewings not available.
Please be advised the auctioneers have not personally inspected the property. Prospective buyers are advised to make any necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
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.
