Block of Apartments
Two retail shops fronting Melton Road and four self-contained apartments to the rear.
Located in the highly desirable and thriving Market Town of Oakham.
The property is fully let with an annual income of £30,000 per annum giving a return of over 10%.
Each flat benefits from double glazing and electric heating and have their own utility supplies and meters.
Main sales shop 8.34m x 4.39m, rear store, kitchenette and toilet. Let at £5250 Per annum and trading as a florist.
Main sales shop 4.67m x 4.40m, rear store/kitchen and door to rear leading to toilet. Let at £5250 per annum and trading as an e-cigarette store.
Kitchen, Lounge/Bedroom, Shower Room.
Let at £300 pcm.
Kitchen, Lounge/Bedroom, Shower Room.
Let at £400 pcm.
Hallway, Lounge, Kitchen, Bedroom, Shower Room.
Let at £400 pcm
Kitchen, Lounge/Diner, Innner Hall, 2 Bedrooms, Shower Room.
Let at £500 pcm
Rear courtyard with bin and bike storage space.
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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