Terraced House
A Victorian terraced property which benefits from Article 4 Approval and is let to three students at £804 per calendar month / £9648 per annum which gives a return of over 8%.
Situated in a popular and convenient location close to the bars and restaurants of the West End and Narborough Road. Also within walking distance to the City Centre, Royal infirmary Hospital and DeMontfort University.
The house is in general good order throughout and benefits from GCHH and UPVC double glazing. A ready made investment with great income from day one.
In brief the property comprises:
With window to the front aspect.
With fireplace, window to the rear and stairs off.
With a modern range of base and wall cupboard units, integrated oven, hob and extractor, sink unit, space for appliances and window to the side aspect.
With door to garden.
With modern white suite comprising W.C. wash hand basin, panel bath with electric shower over, part tiled walls and window to the rear.
With window to the front aspect.
With window to the rear aspect.
With window to the rear.
The property has a shared entry to the rear garden which is enclosed and easy to maintain.
Freehold. Subject to tenancy.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
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