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Apartment 60, St. Crispins Court, Stockwell Gate, Mansfield NG18 5GL

Auction Event
 

Guide Price £39,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 29th May 2025

9.00am
Key Features
  • Council Tax Band: A
  • Excellent investment to add to a portfolio
  • Current income of £600 per calendar month - £7,200 per annum
  • Very attractive yield of 18.46%
  • Nearby excellent amenities
  • Walking distance to centre and train station
  • Modern condition
  • Immediate returns
  • EPC Rating: Awaited
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Apartment

Property Description:

An excellent, well-presented, one bedroomed apartment currently let at £7,200 per annum representing an attractive yield of 18.46% against guide price.

Comprising of entrance hallway, large lounge/diner/kitchen area with far reaching viewings, double bedroom with built in wardrobe and modern family bathroom.

Externally is an allocated parking space and secure intercom entry.

St. Crispin’s Court is located on Stockwell Gate, one of the main routes into the town of Mansfield. The development provides excellent transport links to the amenities which the vibrant town centre offers including bars, restaurants, shopping and the famous open air market.

Mansfield’s train station and the bus/ transport interchange development are both approximately 5 minutes walk away from St Crispin’s Court, making this property perfect for commuters.

Leasehold Information

99 years from and including 1 June 2012. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Building Construction

TBC

Flood Risk

Rivers and Seas - Very low. Surface Water - Very low.

Broadband (estimated speeds)

Standard 14 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Subject to tenancy.

Ground Rent

£368

Unexpired Years

86

Annual Service Charge

£729


Utilities Information
  • Heating Supply: Double Glazing, Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Allocated



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 1.2% of the purchase price (subject to a minimum 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.