Apartment
Fantastic one bedroom apartment located on the 14th floor of the popular City Lofts development.
This apartment features panoramic views across the City Centre and offers stylish City living with a contemporary style throughout. City Lofts is one of the more sought after buildings in Sheffield City Centre due to its fantastic location. Situated within St. Pauls Square it offers easy access to the Hallam University, the train station, and an array of bars, shops, restaurants and cafes.
This apartment is currently tenanted until August 2021 and offers a gross rental yield of 7.1%. This could be the ideal investment to add to your property portfolio.
The apartment has been well maintained throughout and briefly comprises of; Entrance with secure intercom access, lounge with Juliet balcony and views across the City Centre. The kitchen features a wealth of wall and base units along with integrated appliance such as oven and dishwasher. Good sized and bright bedroom. Fully tiled three piece bathroom suite including bath with overhead shower, and large heated towel rail.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s 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.
