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Apartment 59, St. Crispins Court, Stockwell Gate, Mansfield NG18 5GL

Lot no: 60 Sold at Auction for £53,000
 

Guide Price £39,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 29th February 2024

10.00am
Key Features
  • Excellent investment property
  • Currently let at £607.67 per calendar month
  • Allocated parking space
  • Walking distance to town centre and train station
  • Excellent modern condition throughout
  • An 18.68% yield based against guide price
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Sold at Auction for £53,000

Apartment

Property Description:

An excellent, well-presented, one bedroom apartment currently let at £7,280.04 per annum.

Comprising of entrance hallway, large lounge/diner/kitchen area with far reaching viewings, double bedroom with built in wardrobe and modern family bathroom.

Externally is an allocated parking space and secure intercom entry.

St. Crispin’s Court is located on Stockwell Gate, one of the main routes into the town of Mansfield. The development provides excellent transport links to the amenities which the vibrant town centre offers including bars, restaurants, shopping and the famous open air market.

Mansfield’s train station and the bus/ transport interchange development are both approximately 5 minutes walk away from St Crispin’s Court, making this property perfect for commuters.

Additional Information
Parking Arrangements: One allocated parking space
Water: Electric
Electric: Mains
Sewerage: Mains
Heating: Electric
Building construction: Standard brick
Flood Risk: Very low
Surface Water Flood risk: High
Broadband: Standard and Ultrafast available
Mobile Signal: o2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin
Lease Term Remaining: 87 Years

KITCHEN/LOUNGE AREA - (5.44m x 4.50m)
BEDROOM - (4.24m x 3.37m)
BATHROOM - (2.12m x 1.80m)
Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

External Work

We have been made aware that the property is half way through cladding remediation works. These are fully funded by the government and should complete by the summer.

Tenure:

Leasehold. Subject to tenancy.

Unexpired Years

87




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.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).


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.