Semi-Detached House
Situated in this established residential location is an excellent freehold investment property producing £4,420 per annum, let on assured shorthold tenancy from 18th May 2009 (holding over).
The internal accommodation comprises hallway, lounge, dining kitchen, three first floor bedrooms and bathroom. Gardens to front and rear.
In more detail the accommodation comprises –
Ground Floor –
Entrance Hall
With hardwood front door.
Lounge
Dining kitchen
With fitted units.
First Floor –
Landing
Bedroom One
Bedroom Two
Bedroom Three
Bathroom
With three piece suite.
Outside
Small walled enclosed fore-garden to the front of the property and enclosed garden to the rear.
Directions
From the centre of Bishop Auckland take the B6282 south towards Shildon. Enter the village of Shildon along Byerley Road. At the bottom bear left at the roundabout onto Dale End and follow this road until the T-junction where it meets Spout Lane. Turn left onto Spout Lane, left at the end onto Middridge Lane, left again into Larch Avenue, right onto Coronation Avenue and right into Holly Hill where the property will be identified by our board.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter’s Street, Derby DE1 1SR – telephone 01332-292204.
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £395 (inc VAT) payable on the fall of the hammer.
To comply with the Estate Agents Act 1979, interested buyers/purchasers are informed that the vendor is a Director of Graham Penny Auctions Ltd.
For Sale by Auction: Thursday 8th July 2010
Pride Park Stadium, Derby
Commencing at 11.30 am
Freehold investment property
Three bedrooms
Let on AST producing £4,420 per annum
Return in excess of 12% at guide price
