Flat
This two-bedroom flat presents an excellent investment opportunity, situated in a tranquil cul-de-sac within the sought-after area of Mansfield. The property boasts neutral decor throughout and includes features such as parking, a shared garden, and low ground rent and service charges.
The layout of the property comprises an entrance hallway that leads to a separate utility room, one double bedroom, one single bedroom, a bathroom, a storage cupboard, a spacious lounge/diner, and a kitchen.
With easy access to transportation links, commuting for those working in Mansfield or traveling to nearby regions will be seamless. Furthermore, the close proximity to Mansfield town centre provides a wide array of shops, restaurants, and essential amenities.
The estimated rental income is £550.00 per calendar month, resulting in a gross yield of 11.3% based on the current guide price.
With wall and base units.
Neutral decor, brown carpet and radiator.
Neutral decor, brown carpet and radiator.
White three piece suite with shower over bath, extractor fan, neutral decor, tile effect vinyl flooring and radiator.
Neutral decor, brown carpet and radiator.
A range of wall and base units, freestanding cooker, stainless steel sink, black tile effect laminate, neutral decor and radiator.
Shared garden and ample parking.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
106
£167
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Communal
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
