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Flats 1-5, 77 Hartington Road, Stockton on Tees, TS18 1HD

Lot no: 25 Sold at Auction for £70,000
 

Guide Price £64,000+ 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.

Wednesday 7th August 2019

2.30pm
Key Features
  • 5 flats contained within a 3 storey property
  • Flat 5: Two Bedrooms Kitchen/ Living Room Shower Room / w.c.
  • 2 x 2 bedroom flats, 1 x 1 bedroom flats, 2 x Studio Flats
  • Town centre location and a superb investment opportunity
  • Let at £23,140 per annum with a return of approximately 30%
  • EPC Rating: D, D, D, C, D
  • Flat 1: Kitchen / Living Room, Bedroom, Shower Room / w.c.
  • Flat 2: Open plan living, Kitchen & Bedroom, Shower Room / w.c
  • Flat 3: Kitchen Bedroom/ Living Room Shower Room / w.c.
  • Flat 4: Two bedrooms Kitchen & Living Room Shower room / w.c.
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Sold at Auction for £70,000

Block of Apartments

Property Description:

The property is situated on the east side of Hartington Road, Close to its junction with Yarm Lane. There is a good range of local amenities with a more extensive offering in Stockton on Tees twon centre. Rail services run from Stockton Station, approximately half a mile away. There are also a number of schools, parks and leisure facilities close by.

The auctioneers have not inspected the property, but believe it to comprise:

Flat 1

Kitchen / Living Room
Bedroom
Shower Room / w.c.

Flat 2

Large studio flat with shower & w/c
Open plan living, kitchen & bedroom

Flat 3

Kitchen
Bedroom/ Living room
Shower Room / w.c.

Flat 4

2 bedrooms
Kitchen & Living room
Shower room / w.c.

Flat 5

2 bedrooms
Kitchen/ Living room
Shower Room / w.c.

Tenure:

Freehold.


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.