Studio flat
Offered for sale at a very attractive guide price is this well equipped, third floor, vacant student style flat accommodation set in a beautiful Grade II listed detached property, situated within easy reach of Crookes Valley Park, Universities and Hospital.
Interestingly, this charming detached property has been converted into 109 rooms with clusters of three, five and six bedrooms all with communal facilities. We are informed by the seller the student flat was flat previously let at £99 per week over approximately a 10 month period. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
In brief, the accommodation consists of ground floor communal entrance with staircase. Flat three can be found on the third floor, comprising of a communal passaged hallway, shared open plan living kitchen area with built-in-appliances, and double bedroom with ensuite shower room.
The property occupies a strong letting location and will surely appeal to local and national investors looking to acquire a potentially high yield residential investment opportunity.
15ft 11 x 13ft 5
10ft 9ft 8
9ft8 x 4ft 6
We are informed by the seller the following:- Ground rent £330 per annum in 2023 Service charge £1255 per annum in 2023. Please see verification in legal pack.
Leasehold. Vacant possession upon completion.
£330
988
£1,255
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.
