Flat
**UNDER NEW MANAGEMENT**
A potential high yield buy to let investment opportunity to acquire a purpose built three bedroom first floor apartment located within easy reach of Pride Park and the city centre. The apartment is currently let on an assured shorthold tenancy agreement producing £575 per calendar month (£6,900per annum) and offers scope for significant rental increase. Internally, the double glazed living accommodation consists of communal ground floor entrance hall with staircase, passaged entrance hall, spacious open plan living lounge kitchen, three bedrooms and bathroom. Outside, there is communal parking with an allocated parking space. Nearby employers include Rolls Royce and Alstom(formerly known as Bombardier).
16ft 9 x 10ft 1 (irregular shaped room)
20ft x 13ft 2
13ft 5 x 15ft 9 (irregular shaped room)
111ft 7 x 9ft 4
9ft 9 max x 6ft 10
8ft 6 x 6ft 7
We are informed by the seller there is an allocated parking allocated to the property.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
We have been advised property is under new management. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. Subject to tenancy.
234
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.
