Block of Apartments
A freehold investment opportunity comprising of 6, newly converted, residential properties situated within the heart of Oadby.
The site offers 2x Town Houses and 4 apartments along with courtyard garden, bike and bin stores and 6 parking spaces.
The properties are all fully let on assured shorthold tenancies with a rental income of £5500 pcm / £66,000 per annum. A yield of around 8.5% at the current guide price.
The site comes with a 10 year building guarantee.
Well located in a central position in Oadby with a full range of amenities within a one minute walk.
A ready made investment with income from day one.
Lounge, kitchen/diner, 2 bedrooms, bathroom.
Lounge, kitchen/diner, 2 bedrooms, bathroom.
Entrance hall, lounge, kitchen/diner, bedroom, shower room.
Lounge/kitchen, bedroom, shower room.
Lounge/kitchen, bedroom, shower room.
Lounge/kitchen/bedroom, shower room.
Communal garden area, bike and bins stores and car park offering 6 parking spaces.
A A A B B A
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 2.4% of the purchase price (subject to a minimum of £6,000 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.
