Ground floor flat
The property comprises a dwelling which has been converted into two flats at ground floor and first/second floor level with front and rear garden. The upper floor flat has been sold off on a long-leasehold basis. The property is situated in a popular residential location, well placed for a good range of local amenities and with good public transport links.
The ground floor flat is of a good size, with one bedroom and is currently let at £495 per calendar month/£5,940 per annum, therefore offering a gross yield of over 10% at the guide price. The property represents an ideal investment opportunity.
An L shaped lounge / dining room. With radiator, window to rear and door to side.
With modern base and wall units, sink, worktops, integrated oven, hob and extractor. Space for appliances and window to rear aspect.
With radiator and bay window to front aspect.
With low flush w.c, wash hand basin and shower cubicle. Tiled walls and extractor fan.
Garden to the front. Side gated access to enclosed rear garden.
The tenure is freehold subject to existing assured shorthold tenancy agreement and long leasehold in respect of upper floors. Copies of both agreements are contained within the legal pack.
Freehold. Subject to tenancy.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
