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Block of Apartments
A fantastic opportunity to buy three apartments in the very popular residential area of Ilkeston!
Apartment one comprises of entrance hallway, stunning open plan kitchen/lounge, three very well sized bedrooms and family bathroom. Expected rental income of £900 per calendar month.
Apartment two is a very modern ground floor studio with family shower room. Expected rental income of £700 per calendar month.
Apartment three is a very modern ground floor studio with family shower room. Expected rental income of £700 per calendar month.
Total rental income expected of £2300 per calendar month representing a yield of over 12% against guide price.
The properties are within walking distance of excellent local amenities and great road links.
Additional Information
Parking Arrangements: On street
Water: Electric
Electric: Mains
Sewerage: Mains
Heating: Electric radiators
Building construction: Standard brick
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: EE, O2, Three and Vodafone available
Satellite and Cable TV Availability: BT and Sky available
Freehold. Vacant possession upon completion.
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.
