Terraced House
An excellent residential investment opportunity to acquire a well presented two/three bedroom, three storey, mid terrace property, situated in the context of an established and popular residential location, conveniently positioned for the town of Mansfield, A38 and M1 Motorway.
The property is currently let on a rolling assured shorthold tenancy agreement producing £410 per calendar per month(£4,920 per annum) and offers scope for significant rental increase.
Internally, the well maintained living accommodation has the benefit of uPVC double glazed windows, gas central heating and in brief comprises a front sitting room, inner lobby with door to cellar, separate dining room and fitted kitchen. To the first floor, there is a double bedroom to the front, dressing room currently used as a bedroom with access through to the bathroom with a three piece suite in white with shower (thought suitable for an easily fitted stud wall to create a third bedroom subject to current building regulations). To the second floor there is a large attic(potential bedroom). Outside to the rear, there is a low maintenance yard with brick built outbuilding with plumbing for an automatic washing machine.
With access leading through to the bathroom
To the rear there is low maintenance yard with brick built outbuilding with plumbing for automatic washing machine.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
N/A
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.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
