- INVESTMENT OPPORTUNITY
- Gas Central Heated
- Double Glazing
- Modern 3 Piece Bathrooms
- Private driveway parking on site
- Rear Garden
- Good location
- Fully let
- Strong yield
SOLD VIA SECURE SALE - ONLINE BIDDING
FOR SALE BY ONLINE MODERN AUCTION WITH STARTING BID £300,000 * Auction terms apply
( That equates to just £75,000 per apartment )
This fully let residential investment opportunity is being offered sale due to retirement.
This modern FREEHOLD development comprises of 4 self contained one bedroom apartments all with separate entrances. Two apartments on each floor of the development. The site is currently LET & MANAGED by Simply Residential and we are happy to continue management for a new buyer if required. Current rent £19,500pa .
All the properties enjoy the benefit of a modern fitted kitchen & three piece bathroom, double glazing, gas central heating modern decor & flooring and private entrance.
A private garden extends to the rear of the building and is enclosed. Private driveway parking is provided for occupiers.
A sample floor plan is shown of one unit in the building and a recent video tour (for rental ) is also shown.
Full legal pack can be downloaded from our auction site www.simplyauction.co.uk
REGISTER NOW FOR BIDDING - AN OPEN VIEWING DATE WILL BE ANNOUNCED SOON AND REGISTERED PARTIES WILL BE INVITED TO ATTEND
All four apartments are currently let on AST tenancy terms with a current rent in the region of £19,500 pa - SEE LEGAL PACK FOR FULL DETAILS
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
All apartments are council tax band A
LEASE - Freehold