A mid-terrace property which is currently arranged as three separate flats let on AST's generating a gross income of £16,440.
Viewing Details
Strictly by appointment with the auctioneers on 0845 400 9900 or the joint agents Reeds Rains on 01262 676273.
Location
Located in a popular residential area in Bridlington Town Centre, the property is situated close to a variety of amenities, including supermarkets, shops, schools, and excellent transport links.
Description
A mid-terrace property that is currently arranged into four separate self-contained flats. The property would benefit from some general renovation and offers a fantastic opportunity for investors to either renovate the property to add to their portfolio or change the property back into a family home. The property is fully double-glazed and has electric heaters. The flats are currently all let on Assured Shorthold Tenancies (AST's) and generate a gross income of £16,440 per annum.
Accommodation
Ground Floor: A two bedroom flat with rear yard.
First Floor: A studio flat and a one-bedroom flat.
Second Floor: A one bedroom flat.
Tenure
The property is freehold. The property is subject to existing tenancies - please see the legal pack for details.
Note
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 1.00 pm on Monday, 3rd March 2025, and closing on Tuesday 4th March 2025, at 1.00 pm. For further legal information relating to this lot, please go to auctionhouse.co.uk/hullandeastyorkshire.
Note
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Note
Guide Price
Guides are provided as an indication of each sellers 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.
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
The purchaser will be required to pay a buyer’s premium of £1,800 (£1,500 + VAT) in addition to the purchase price of the property.
Administration Charge
The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT) in addition to the purchase price of the property.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 5 Bedrooms
- Tenure: The property is freehold. The property is subject to existing tenancies - please see the legal pack for details.
- Unconditional (Immediate Exchange)
Call the team on 0845 400 9900 for more information
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