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59 East Avenue, Syston, Leicester, LE7 2EJ

Lot no: 25 Sold at Auction for £65,000
 

Guide Price £59,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 14th June 2018

11.30am
Key Features
  • Ideal investment opportunity
  • Two bedroomed flat
  • Situated in a great location
  • EPC Rating: TBC
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Sold at Auction for £65,000

Flat

Property Description:

A spacious ground floor apartment situated in a quiet location but close to the excellent amenities located within Syston town centre.

The property is in excellent order throughout having GCH and Upvc double glazing along with a modern kitchen and bathroom.

There are two parking spaces to the front.

The property is sold vacant but would make an excellent buy to let investment which would rent for around £500 pcm / £6000 per annum and give a return of around 10%.

The flat to be sold with a new 125 year lease.

The maintenance of the building is split equally between the 4 flats contained within it.

Entrance Hall
Lounge

5.25m x 3.88m

Kitchen

3.14m x 2.62m

Bedroom one

3.28m x 2.68m

Bedroom two

2.90m x 2.42m

Bathroom

with modern suite comprising P shaped shower bath, toilet and sink unit

Outside

Two parking spaced to the front

Tenure:

Leasehold. Vacant possession upon completion.


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.