Block of Apartments
A freehold block of 4x apartments with parking.
Superb investment opportunity comprising of a detached property which has been converted into 4 self contained apartments.
Offered fully let with a rental income of £25,740 per annum.
There is ample parking to the rear with covered car-port. The land may offer potential for further development of additional flats, subject to planning permission.
The flats are all in good order and benefit from gas central heating and UPVC double glazing. The rents include the gas but tenants pay for their own electric, water and council tax.
Well placed for local amenities, good transport links and Chesterfield centre.
A great investment with returns of around 10% based on the current guide price and income from day one.
Reception Hallway, Lounge 5.16m x 3.87m, Kitchen 2.60m x 3.55m, Bedroom 3.95m x 3.52m, Shower Room, Basement 7.00m x 1.83m, Enclosed private rear garden.
Kitchen 2.43m x 2.18m, Lounge / Bedroom 3.91m x 5.27m, Shower Room.
Kitchen 3.49m x 1.70m, Lounge / Bedroom 5.20m x 2.75m, Shower Room.
Reception Hallway, Lounge / Diner 6.00mx 3.45m, Kitchen 3.45m x 2.95m <br>Bedroom 3.54m x 2.60m, Bathroom.
Tarmac Parking to side and rear with covered car port. Scope for development or extension subject to planning.
We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.
Freehold. 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.
