Flat
A two bedroom, two bathroom apartment with parking.
The property is located on the first floor of this converted building. Well situated with a great range of shops, bars and restaurants in Hockley, the Lace Market and City Centre.
Offered let on an assured shorthold tenancy at £1150 pcm / £13,800 per annum.
In good order throughout and with the added benefit of underground parking.
Long lease of 999 years from 2001, Service charge approx £2200 per annum and ground rent of £125 per annum.
A ready made investment with income from day one.
With storage cupboard and radiator.
With two radiators and a double glazed sliding door. Having a range of base and eye level units. Worktops. Integrated oven, hob and extractor. Integrated washing machine, dishwasher and fridge freezer. Stainless steel sink with mixer tap.<br>Lounge and dining area with patio doors to Juliet Balcony.
Fitted wardrobes. Double glazed window to the front. Radiator.
Shower cubicle with shower. Pedestal wash hand basin. Low level W.C. Radiator.
Fitted wardrobes. Radiator.
Panelled bath with shower tap. Pedestal wash hand basin. Low level W.C. Heated towel rail.
Benefitting from secure, undercroft parking.
These sales details are awaiting vendor approval.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. Subject to tenancy.
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.
