Detached house
Huge income potential. This plot comprises of the main four bedroomed house, a studio apartment, a two bedroomed barn conversion and an annexe above the double garage.
Peak house - Entrance porch leading to hallway, large bay fronted split lounge, fully fitted galley kitchen/diner. To the first floor you have room one with ensuite shower room, room two and three along with a generous size family bathroom with white three piece suite and freestanding walk in shower. To the second floor you have the fourth room with ensuite shower room. Currently on Air BNB and Sykes Cottages for £220 per night.
Unit 1 - Entrance into hallway, shower room, kitchen/diner and double bedroom/lounge with French doors leading to decking area. Vacant, would let for around £550 per calendar month.
Unit 2/Barn conversion - Entrance into kitchen/diner, lounge with understairs WC. To the first floor there are two double bedrooms, ample storage and bathroom with white three piece suite and shower over bath. Currently let at £700 per calendar month, tenancy ends on 24th September. Potential rent would be £895 per calendar month.
Unit 3/Annexe - Entrance to stairs onto first floor above double garage, large studio with separate bathroom. Currently let on a rolling contract at £350 per calendar month.
Externally you have a large electric gated driveway/courtyard for multiple cars, private decking area to each dwelling, double garage with power and WC.
This property is located in Newark-on-Trent, with its historic market town charm, offers a balance of local amenities and excellent transport links to Nottingham, Lincoln, and mainline train connections to London and Edinburgh.
Main house has mains gas supply with combi boiler and log burner to lounge, all other units have electric heaters.
Freehold. Part let/part vacant.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Garage, 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 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.
