An excellent high yield investment opportunity to acquire a well maintained second floor studio apartment situated within literally yards of Burton town centre.
DRAFT DETAILS AWAITING VENDOR APPROVAL. The gas centrally heated character accommodation in brief comprises communal entrance hall with staircase to all floors. The apartment itself comprises of entrance hall, bathroom with three piece suite including shower, well equipped fitted kitchen with built in appliances and open plan lounge/bedroom with dual aspect windows and measuring 16’ x 13’. Outside there is an enclosed walled garden offering a certain degree of privacy. We are informed by the seller that the studio apartment was previously let at £350 per calendar month (£4,200 per annum). In our opinion there is scope for rental income when minor improvements have been made to the apartment.
Communal Entrance Hall
With original staircase to all floors.
Second Floor Apartment
Entrance Hall 13’4” x 3’9”
Having tiled floor covering, central heating radiator, door to bathroom, opening through to kitchen and access through to the lounge/bedroom.
Lounge/Bedroom 16’ into chimney recess x 13’
Having dual aspect multi paned window to the front and rear elevation, built in cupboard, wall mounted combination boiler, ornate cast iron open fireplace and central heating radiator.
Kitchen 8’8” x 6’5”
Please note the kitchen is accessed off from the entrance hall and comprises a range of wall mounted cupboards with base units, drawers, wood preparation surface with sink and drainer, splashback tiling. There is an integrated stainless steel electric oven with hob and cooker hood, plumbing for washing machine and space for fridge/freezer.
Bathroom 8’2” x 5’3”
Fitted with a three piece suite in white comprising a panelled bath with shower unit over and shower rail, low level wc, pedestal wash hand basin, complementary tiling to the walls and central heating radiator.
To the rear there is an enclosed walled communal garden that offers a certain degree of privacy.
Leasehold. Vacant possession upon completion.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction 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 the auction. 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.
A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.
*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, 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. 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 the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.
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 or cheque deposits. Remote bidding facilities are also available.
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.