End of terrace house
DRAFT DETAILS
Excellent investment opportunity to acquire a traditional terraced property divided into two self-contained flats, (one currently let at £325 per calendar month (£3900 per annum) with a potential rental income of £7800 per annum when fully let. The flat on the ground floor (25A) was not inspected but we are led to believe this consists of a lounge, bedroom, kitchen, rear lobby and bathroom. The flat on the first floor (25B) was inspected and it comprises of a top floor flat with lounge, passage, bedroom and bathroom. The property is situated close to local amenities and within easy reach of Mansfield town centre. Viewing advised.
The accommodation comprises:
Not inspected, but currently let at £325 per calendar month). We believe the flat comprises of:
Accessed from side passageway.
12ft 1 x 11ft 7
With radiator, upvc double glazed window to front aspect.
11ft 8 x 8ft 8
With radiator, upvc double glazed window to rear aspect.
Comprising panelled bath, pedestal wash hand basin, low flush wc, obscure upvc double glazed windowl
9ft 9 x 7ft 4
With twin wall mounted unit, twin base unit, single drainer sink unit, radiator, roll edge working surfaces, upvc double glazed window to side.
There is a small communal rear yard.
Freehold. Part let/part vacant.
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.
