Block of Apartments
An excellent buy to let opportunity comprising 6x self contained flats.
3x One bed flats and 3x Studio flats.
Well placed in a popular and convenient location close to shops, schools and transport links. Easy access to Corby town centre along with good commuting to Market Harborough and Kettering. Corby has direct trains to St Pancras in 1 hours 12 minutes.
The properties are believed to be in good order throughout. It is believed that 5 of the 6 flats are let on assured shorthold tenancies with a combined income of £41,400 per annum. Flat 3 is currently vacant.
Estimated rental income when fully let is £48,000 per annum (based on comparable evidence).
Lounge/kitchen, bedroom and shower room
Lounge/kitchen, bedroom and shower room
Lounge/kitchen, bedroom and shower room. Estimated Rental Value £850 pcm
Lounge/kitchen, bedroom and shower room
Lounge/bedroom, kitchen and shower room
Lounge/bedroom, kitchen and shower room
Garden to rear
Please be advised that utilities information is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
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 (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. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 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.
