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Terraced House
Long-term investment, three bedroom property, let to Sanctum Housing Community Interest Company on a FRI lease until 2041 at £6,160.96 per annum.
The property is well positioned within a predominantly residential location, close to all required amenities and within approx. 0.5 mile of the beach and coastline. The open spaces of Castle Eden Dene and Welfare Park are within easy reach and transport links are provided by A19 with connections to A1 motorway. The tenancy term is from 16/12/2022 until 15/12/2041 with a landlords option to extend until 2046. Please see legal pack for further information.
This property is part of a larger portfolio and is available for pre-auction offers, either as a single lot or whole portfolio.
Please be advised that the auctioneers have not personally inspected the property and there no access available. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to lease.
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.
