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Flat 70, 63 Vicar Lane, Bradford BD1 5BN

Lot no: 95 Sold at Auction for £35,000
 

Guide Price £33,000+ 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.

Wednesday 27th March 2024

9.00am
Key Features
  • One Bedroom Apartment
  • Prime location within Bradford
  • Currently let producing £6,000 per annum
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Sold at Auction for £35,000

Apartment

Property Description:

A one bedroom apartment situated in prime location within Bradford city centre.

The property is within walking distance of rail and bus stations together with Westfield shopping centre. Further amenities nearby include a selection of pubs, bars and eateries and there are a number of sports and leisure facilities in the surrounding area.

The property is currently let producing £6,000 per annum, offering a 18.18% yield based on the guide price.

Additional Information:
Water: TBC
Drainage: TBC
Electric: TBA
Gas: TBC
Heating: TBC
Building construction: TBC
Conservation Area: The property is located in a Conservation area.
Broadband: Standard and Ultrafast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky, Virgin and BT are available in this location.

Leasehold Information

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

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Leasehold. Subject to tenancy.

Unexpired Years

243



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.