Block of Apartments
A large end-terraced property that has been converted into four separate self-contained apartments.
Flat 1 - A one bedroomed maisonette currently let at £475 per calendar month.
Flat 2 - A studio flat on first floor currently vacant but estimated rent of £450 per calendar month.
Flat 3 - A one bedroomed flat set in the loft currently let at £425 per calendar month.
Flat 4 - A studio flat on the ground floor currently let at £375 per calendar month.
There is plenty of scope to improve each apartment and increase the rental incomes but currently with three out of four apartments let, the return is £1,275 per calendar month. This represents an instant yield of 10.2% against the guide price.
Each apartment has it own meters.
The property is ideally located for all local amenities such as schools, shops and bars, also within a short walking distance from Meersbrook Park. Excellent transport links in to Sheffield city centre.
800 years from 25 March 1881. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Each flat has been banded A for council tax purposes.
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.
Leasehold. Subject to tenancy.
£10
656
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
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 4.8% 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.
