Block of Apartments
An excellent residential investment opportunity to acquire a substantial detached villa converted into two generous sized one bedroomed self-contained flats being part let, part vacant, occupying an established residential location situated within literally yards of the Cavendish Shopping Centre.
The ground floor flat has recently become vacant and in our opinion could potentially be let at £450 per calendar month (£5,400 per annum). The auctioneers have not inspected the first floor flat which we understand is currently let on Assured Shorthold Tenancy producing £350 per calendar month (£4,200 per annum) and In our opinion there is scope for significant rental increase. Outside to the front there is a small forecourt with boundary hedge and pedestrian access to the side of the property leads to an enclosed low maintenance rear garden.
We also understand the property was originally built as three bedroomed detached house, which in our opinion could easily be converted back to, subject to building regulations.
Comprising -
Leading into -
26ft 6 x 4ft 4 max
14ft 3 into bay x 11ft 6 into chimney recess
12ft 9 into chimney recess x 12ft
12ft 3 x 10 ft 2
7ft 4 x 3ft 3
7ft 4 x 5ft 6
The Auctioneers have not inspected the flat and the accommodation detail has been provided by the vendor.
with staircase to first floor.
There is a small forecourt with boundary hedge. Pedestrian access to the side side leads to an enclosed low maintenance rear garden
These sales details are awaiting vendor approval.
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.
