Flat
A one bedroom, second floor apartment which requires modernisation.
Well placed in the highly desirable location of Stoneygate. Within easy reach of the bars and restaurants of both Queens Road and Francis Street and having a regular bus route right outside. Victoria Park is also within an easy walk.
The flat requires modernisation but would make a great buy to let investment. Estimated rental value after works is £650 per calendar month / £7800 per annum.
There is also a garage in a block to the rear which could be let separately at circa £50 per calendar month.
With two large store / cloak cupboards and loft access hatch.
WIth base and wall units, sink, worktops, window to front and patio doors to balcony.
With views to front aspect.
With built in wardrobe, airing cupboard and window to rear.
With 3 piece suite comprising low flush w.c. wash hand basin and panel bath.
Garage in Block to rear (Garage Number 5). Communal Gardens. Clothes drying area. Residents Car Parking.
These sales details are awaiting vendor approval.
125 years from 1 August 1983. The ground rent is not collected at present as each lessee is an equal shareholder in the freehold interest. The annual Service Charge for this property is currently £840.00. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
85
£840
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.
