Flat
This recently improved, two bedroomed property is ready to move into and makes an ideal buy-to-let investment. Located within a short distance of a variety of shopping and leisure amenities as well as good transport links, including Preston rail station it is well suited to either an individual, young couple or small family. Recent improvements include newly fitted carpets, internal decoration and new cooker. We have also been informed by the managing agent that the previous rental income on the property was £495 per calendar month making this a potentially high-yielding investment for a landlord looking to expand their portfolio. We have been informed by the vendor that the lease is 999 years from 1 April 1973 with a peppercorn ground rent.
Self-contained entrance with stairs leading to main flat.
Two bedrooms, bathroom, open-plan dual aspect lounge/kitchen.
Off street parking.
The property also benefits from electric heating, double glazing and substantial loft space for storage (not inspected).
Leasehold.
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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