Flat
A one bedroom apartment currently let at £5,280 per annum (13.5% Yield based on Guide price).
Situated just four miles north of Sheffield City Centre within easy reach of all necessary amenities and services is this one-bedroom apartment. The flat sits above a parade of commercial premises within a predominantly residential area. A range of shopping facilities can be found nearby and excellent transport links including good road connections, regular bus services and train services which operate from Meadowhall Station. Concord Park and Sports Centre is close by, as is Northern General Hospital. The property is currently let and is producing £5,280 per annum.
999 years from 1 February 2006. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold.
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.
