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20 Church Street, Ellesmere Port, Cheshire CH65 2AB

Lot no: 35 Re-entry to a future auction
 

Guide Price £255,000+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.

Thursday 10th October 2019

2.30pm
Key Features
  • Spacious Semi Detached House
  • Eight Rentable Rooms
  • Fully Refurbished to an Exceptionally High Standard Throughout
  • Excellent Location
  • EPC Rating: D
  • Fully rented would achieve an approx yield of 14%
  • Potential Development Opportunity to the rear STP
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Re-entry to a future auction

Semi-detached house

Property Description:

Fantastic investment opportunity, fully refurbished 8 Bedroom HMO, presented to an exceptionally high standard throughout. Ideally located for access to town centre & Cheshire Oaks with further development potential to rear. We believe that the property is currently part let on a room by room basis on short term agreements. If the property were to be fully let it could generate a yield of approximately 14%.

Entrance Hall

Shared entrance hall opening to Rooms 1,2,3,4, Kitchen, wc, traditional staircase leading to first floor landing

Bedroom 1 (14' 08" x 12' 05" ) or (4.47m x 3.78m)

Front aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 2 (39' 6" x 33' 2") or (12.04m x 10.10m)

Front aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 3 (12' 08" x 11' 10" ) or (3.86m x 3.61m)

Rear aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 4 (16' 11" x 9' 06" ) or (5.16m x 2.90m)

Rear aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

WC

Tastefully tiled in white with matching low level wc, vanity handwash

Kitchen (17' 0" x 7' 01" ) or (5.18m x 2.16m)

Ground floor communal kitchen, fully fitted with modern matching units in light grey comprising 7 wall unit, 7 base unit, 1x 3 drawer unit, built in oven and ceramic hob, washing machine, fridge freezer, 1 1/2 sink drainer in stainless steel with matching mixer tap.

Landing

First floor landing opening from traditional staircase and leading to
bedrooms 5,6,7,8, Bathroom 1, Bathroom 2.

Bedroom 5 (12' 08" x 9' 09" ) or (3.86m x 2.97m)

Rear aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 6 (14' 06" x 12' 06" ) or (4.42m x 3.81m)

Rear aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 7 (14' 04" x 9' 07" ) or (4.37m x 2.92m)

Front aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bedroom 8 (15' 02" x 12' 03" ) or (4.62m x 3.73m)

Front aspect room, radiator, spacious double bed, double wardrobe, chest of drawers, coffee table

Bathroom (7' 06" x 5' 02" ) or (2.29m x 1.57m)

Modern fully tiled bathroom comprising double walk in shower with screen, pedestal Handwash, low level wc in matching white

Bathroom 2 (6' 04" x 5' 09" ) or (1.93m x 1.75m)

Modern fully tiled bathroom comprising double walk in shower with screen, pedestal handwash, low level wc in matching white

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 Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.