Other
*UNSOLD AT AUCTION. AVAILABLE AND OPEN TO OFFERS*
An excellent investment opportunity comprising a substantial property located towards the end of Victoria Road in Burton on Trent within easy reach of Burton town centre and the A38. The accommodation is currently arranged as two self-contained flats with substantial office accommodation. The flats are currently let on assured shorthold tenancies generating an income of £10,140 per annum. The vendor has had a scheme drawn up to convert the office accommodation to provide further residential accommodation and subject to obtaining necessary planning consents this could be implemented or an alternative scheme proposed. Each of the current flats are well presented and maintained with well-proportioned and spacious living accommodation.
Tenure
Freehold. Subject to tenancies.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
EXCELLENT INVESTMENT OPPORTUNITY
Substantial property currently arranged as two self-contained flats and office accommodation
Let on AST’s generating £10,140 p.a. combined - potential to increase to £20,280
Scheme drawn up to convert office accommodation to further residential accommodation (stpc)
EPC Ratings: Flat 6a; D & Flat 6b; E & Offices; E
