Block of Apartments
A freehold investment comprising of 14 apartments all with parking and communal grounds.
Each apartment has been fully refurbished throughout to an excellent standard with modern kitchens and bathrooms, neutral décor, flooring and underfloor heating. Each unit has its own entrance and secure parking with electric barrier.
Hinckley is a thriving town which has had recent major investment. The complex is situated in the Town Centre, next to the new £60 million pound Crescent development comprising of bars, restaurants, shops, micro pubs and cinema.
The rest of the town centre is a two minute walk away along with schools, parks, doctors and the Train Station. London St Pancreas is less than 1 hour.
The town is home to major business with a Tesco Distribution Centre, Mira, Centrica and a DPD depot which create a huge number of jobs and therefore the rental demand in the town is extremely high.
The property would make a great buy to rent which would give an estimated rental income of £100,000 per annum.
The development also offers the potential for individual re-sale of the apartments and therefore the owner could retain the Freehold which would bring in an annual Ground Rent income of around £4000 per annum.
Freehold. 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.
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