Flat
***14% RETURN BASED ON THE GUIDE PRICE***
Representing excellent value, is a well presented and maintained, purpose built one bedroom first floor flat, situated within a short commute of the city centre.
The property is currently let to a DSS tenant at £390 per calendar per month (£4,680 per annum) and offers scope for significant scope for potential rental increase. Interestingly we are informed by the seller, the service charge and ground rent has been paid for the year by the local authority, however we cannot guarantee this agreement will transfer onto the new owner.
Accessed via a communal entrance hall, the uPVC double glazed living accommodation consist of, entrance hall, fitted kitchen, modern fitted shower room, lounge with far reaching views and opening through to a well proportioned bedroom.
The property is situated in the context of an established residential location, always a popular choice with first time buyers, landlords and local/national investors.
5ft x 3ft 2max
8ft 1 max x 6ft
17ft 5 x 9ft 10
11ft x 7ft 4
There are well kept communal grounds with parking.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
We have been informed by the seller the property has been fitted with new eco heaters approximately one year ago.
Leasehold. 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.
