Terraced House
The property comprises of a Victorian terraced house which benefits from UPVC double glazing but requires modernisation throughout.
It is well situated situated in an established location with local shops within easy reach and the extensive facilities of Gainsborough being accessible directly to the north. Excellent investment opportunity.
The property would make a great buy to let and a superb addition to any rental portfolio. Once renovated the rental income would be around £350 pcm / £4200 per annum giving a great return.
The auctioneers have not inspected the property but believe it to comprise –
With double glazed window
With wall and base units, space for appliances, double glazed window and door to the rear, stairs to the first floor.
With double glazed window
Fitted with a three piece suite and double glazed window.
Double glazed window.
Yard to rear.
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.
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