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109A Wharf Road, Pinxton NG16 6LH

Lot no: 123 Available for £50,000
 

Guide Price £47,500+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 25th April 2024

9.00am
Key Features
  • Excellent investment property with great returns
  • Very popular residential area
  • Excellent local amenities and road links
  • Two double bedrooms
  • Large modern kitchen
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Available for £50,000

Flat

Property Description:

A large apartment benefiting from parking and a garden.

Comprising of entrance hallway, large lounge, modern kitchen, two double bedrooms and family shower room.

Externally is a parking area to the rear along with a lawned garden and summer house.

An excellent investment with a potential rental income of £700 pcm representing a yield of 16.8% based on guide price.

Excellent transport links to the M1 Jct 28 which is less than a mile away along with the A38 to Derby & surrounding areas. Alfreton Rail station is easily accessible as is the high street in Alfreton which boasts well stocked shops, eateries & pubs. There are good Primary & Secondary Schools close by & some really lovely country walks in Pinxton village.

109 Wharf Road is available for sale as a separate lot.

Additional Information
Parking Arrangements: Parking to the rear
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Solid brick
Flood Risk: Very low
Broadband: Standard and Superfast
Mobile Signal: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT, Sky and Virgin

Entrance hallway
Lounge - 4.85m x 2.87m
Kitchen - 3.66m x 3.35m
Bedroom one - 5.79m x 2.44m
Bedroom two - 4.88m x 3.05m
Shower room - 3.66m x 0.91m
Off street parking
Lawned garden with summer house
Draft Sales Details

These sales details are awaiting vendor approval.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£10

Unexpired Years

124



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.