Studio flat
DRAFT DETAILS
A first floor apartment in city centre location.
A well presented first floor apartment located in a sought after location within derby City Centre. The apartment is offered let on an assured shorthold tenancy.
Well placed for a wide range of shops, bars and restaurants and having excellent public transport links. The property also benefits from secure, allocated parking space.
Ground Rent £250 per annum
Service charge currently £566.20 per annum
An ideal buy to let opportunity and excellent addition to any rental portfolio. According to the AST, the rental income is £520 pcm.
With secure entry door and both stairs and lift.
An open plan room with modern fitted kitchen, having a range of units, sink, work surfaces, built in oven, hob and extractor and integrated fridge and washing machine. Lounge area with window.
With modern 3 piece suite comprising low flush w.c. wash hand basin and shower cubicle.
The property has the fantastic addition of a secure, allocated parking space. A great addition in the city centre.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Subject to tenancy.
£250
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
