Block of Apartments
Investment Property Fully Tenanted comprising:
A highly desirable investment property in an excellent location with easy access to shopping, schools, parks and riverside.
Middlemore House is an extensive detached Grade II Listed former Mansion House dating back to 1707, located within a conservation area. Situated in the heart of Grantham and being located close to many local amenities and a short walk to Grantham Train Station this is an ideal investment opportunity. The property has been professionally converted, into a selection of self-contained one and two bedroom dwellings.
The accommodation offered comprising of a spacious characterful 3-story town house, 5 No. one bedroomed apartments, 2 No. two bedroomed apartments plus a two bedroom maisonette. Middlemore House extends to in excess of 8,400 sq feet of living accommodation. There is an attractive courtyard garden plus an extensive private parking area.
In addition, a recently completed high specification stone built detached bungalow which is completely wheelchair accessible. The bungalow has its own gardens, parking, and also a small garage with electrically operated door, with lighting and power.
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.
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