Semi-detached house
A semi-detached property located in Bolsover within an upmarket residential area, previously rented as four separate lettable rooms, all having en-suite facilities. The property is sold with vacant possession however was previously producing £22,320 per annum.
The property comprises a semi-detached two storey residential building located within a popular residential estate in Bolsover and was previously let with the following incomes -
Ground Floor -
Room 1: £490 pcm (d/r plus living room)
First Floor -
Room 2: £480 pcm (d/r)
Room 3: £420 pcm (s/r)
Room 4: £470 pcm (d/r)
The property also benefits from a fitted kitchen and bathroom along with a communal room however would benefit from a scheme of modernisation and improvements or conversion into two seperate apartments.
This is a great opportunity for property developers to add significant value by turning the unit into independent 1x bed flat and 1x 3 beds flat, and / or 1xbed flat plus 2x 2beds flat (subject to planning).
Prospective buyers must make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Vacant possession upon completion.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
