Block of Apartments
An investment comprising of TEN apartments in two blocks along with parking and three garages.
The site is offered fully let with a combined income of £44,700 per annum. Each apartment has its own meters and tenants pay their own bills.
The site offers two apartment blocks. The original detached house which contains four flats and a second block built later which houses six flats. There is a tarmac car park and a block of three garages.
A superb investment with great letting history, offering a return of over 12%, with income from day one.
Comprising -
Hall, Lounge, Kitchen, Bedroom, Shower Room and W.C.
Lounge/Kitchen, Bedroom, Shower Room.
Hall, Lounge, Kitchen, Bedroom, Shower Room.
Hall, Lounge/Bedroom, Kitchen, Shower Room/wc.
Comprising -
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Hall, Lounge/Bedroom/ Kitchen, Bathroom.
Residents Car Park. Paved patio and outside seating area and communal gardens.
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.
