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Flat 3 Rockmay House, Market Place, Riddings, Alfreton, Derbyshire DE55 4BQ

Lot no: 28 Sold at Auction for £24,000
 

Guide Price £25,000+ 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.

Thursday 25th April 2024

9.00am
Key Features
  • Long leasehold
  • Double bedroom duplex apartment
  • Modern kitchen and bathroom
  • Very large lounge with sash windows
  • Walking distance to local amenities and bus stops
  • Easy access to A38 and A610
  • £395 per calendar month - 18.96% yield!
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Sold at Auction for £24,000

Flat

Property Description:

An excellent one bedroom duplex apartment in the very popular area of Riddings, Alfreton.

Tenant in situ paying £395 pcm giving a yield of 18.96% based on guide price.

The property comprises of communal entrance into the block - then entrance hallway into apartment, large lounge with sash windows, modern bathroom, well sized kitchen and a double bedroom.

The accommodation is set over two floors.

This property is located close to good bus and road networks including the A38 and A610 and within walking distance to local amenities.

Additional Information
Parking Arrangements: TBC
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Solid brick
Flood Risk: Low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin

Communal door entrance into the block
Entrance hallway
Lounge - 6.2m x 3.9m
Kitchen - 1.6m x 3.7m
Double bedroom - 3.6m x 3.5m
Family bathroom - 2.5m x 1.9m
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. Subject to tenancy.

Ground Rent

£100

Unexpired Years

980

Annual Service Charge

£1,957



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.