House (unspecified)
A rare and exciting opportunity to acquire a row of three bedroomed, three storey terrace properties, currently part let part vacant and being offered for sale at a very attractive guide price.
Number 8 has recently become vacant and requires some improvements. Number 10 is let at £450pcm and number 12 at £575pcm, both on rolling agreements and offering scope for significant rental increase. Currently the combined rental income is producing £12,300 pa and in our opinion could potentially achieve in the region of £28,000 to £30,000pa when fully let and with the necessary improvements being made.
The auctioneers have not inspected number 10 and 12 and the accommodation of number 8 in brief comprises: - lounge, separate dining room, fitted kitchen. To the first floor landing there are two bedrooms and fitted bathroom. To the second floor there is an attic/bedroom with dormer window.
Outside we understand there are no boundaries to the properties with gardens and a single garage associated with number 8.
The properties enjoying a strong letting location within close proximity to Kings Mill Hospital and near by amenities. The M1 Motorway is within a short commute.
Accommodation is for number 8. Please note we have not internally inspected numbers 10 and 12, they are both tenanted.
Part glazed timber door, UPVc double glazed window, radiator.
With stairs rising to the first floor.
UPVc double glazed window, radiator and understairs area with a stone thrawl.
Single drainer stainless steel sink unit with hot and cold taps, a range of wall and base units, electric cooker point, UPVc double glazed window and radiator.
Landing with radiator and dog leg staircase rises to the second floor.
UPVc double glazed window, radiator and cupboard houses the wall mounted Ariston combination boiler.
There is a shared access to the side of property leading to the rear of the property. Please note there are no boundaries in place and there is a single garage to the rear.
Please be advised that whilst our joint agent has conducted an inspection, 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.
Freehold. Part let/part vacant.
- 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 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.
