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17 Portland Terrace, Gainsborough, DN21 1JR

Lot no: 22 Re-entry to a future auction
 

Guide Price £28,000+ 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.

Tuesday 3rd September 2019

11.30am
Key Features
  • Two bedroomed terraced property
  • Requires modernisation
  • Potential rental income of approximately £4,200 per annum
  • Great buy to let investment
  • EPC Rating: D
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Re-entry to a future auction

Terraced House

Property Description:

A two bedroom mid terraced house requiring modernisation. Well positioned within walking distance of Gainborough town centre and the train station.

The town centre offers a great range of shops, bars and restaurants. There are also highly regarded schools in the area including the renowned Queen Elizabeth's High School

The Georgian market town of Retford is accessed in 12 miles and has an intercity train link to London in 1hr 25 minutes. The property is just 12 miles from the A1 motorway and for those travelling further afield Doncaster airport is accessed in 11 miles.

The property would make a great home or excellent buy to let. Estimated rental income for this type of house is around £350 pcm / £4200 per annum once renovated.

Lounge

3.68m x 3.15m

Dining Kitchen

3.68m x 3.35m

Landing
Bedroom One

3.68m x 3.15m

Bedroom 2

3.81m x 2.59m

Bathroom

3.4m x 1.91m

Outside

A low maintenance rear garden.

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.