For sale by auction on Wednesday, 24 March 2021 at 11:00
Venue: Livestream Auction
This large three storey semi detached property comprises of five self contained one bedroom flats. Currently all are let producing £22,811.88 pa. Each flat has a separate electricity supply. The tenant pays their own council tax and electricity bills and the landlord pays the water bill.
The property is located next to Saint Pauls Church less than two miles north of the town centre close to a range of services and amenities.
This is an ideal opportunity for an investor looking for a high yielding investment.
Ground Floor
Communal entrance hall
Flat One (52 sq/m)
One bedroom flat let on an Assured Shorthold Tenancy at £85 pw (£4,420 pa)
Flat Two (44 sq/m)
One bedroom flat with separate side access let on an Assured Shorthold Tenancy at £86.23 pw (£4,483.96 pa)
First Floor
Landing
Flat Three (32 sq/m)
One bedroom flat let on an Assured Shorthold Tenancy at £95 pw (£4,940 pa)
Accommodation: Entrance hall, bathroom, kitchen / sitting room, bedroom
Flat Four (51 sq/m)
One bedroom flat let on an Assured Shorthold Tenancy at £86.23 pw (£4,483.96 pa)
Accommodation: Entrance hall, bathroom, sitting room / kitchen, bedroom
Second Floor
Flat Five (42 sq/m)
One bedroom flat let on an Assured Shorthold Tenancy at £86.23 pw (£4,483.96 pa).
Accommodation: Entrance hall, bathroom, sitting room / kitchen, bedroom
Outside
Communal front, side and rear yard area, off road parking area to rear.
EPC Rating: E
Viewings
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
