FOR SALE BY ONLINE AUCTION ON THURSDAY 28th May 2020! (Bidding opens 26th May 2020)
For more information, please contact a member of the auction team on 01427 616436
Description
FOR SALE BY ONLINE AUCTION ON THURSDAY 28th May 2020! (Bidding opens 26th May 2020)
For more information, please contact a member of the auction team on 01427 616436
A Substantial Mid Terraced Property Arranged to Provide 3 Letting Units Comprising 1 Self Contained Apartment and 2 Letting Rooms Sold Subject to the Existing Tenancy Agreements.
The property currently has a Gross Passing Rent of £14,780.04 per annum with an Estimated Gross Rental Value of £18,380.04 per annum.
The market town of Boston has a population of over 68,000 residents, a twice weekly market, active port, large hospital, good range of retail and sports facilities.
Located approximately 115 miles to the north of London, 45 miles to the east of Nottingham and 35 miles to the west of King’s Lynn.
The town has good rail links to London King’s Cross via Grantham/Nottingham.
The property is located in the centre of the town, immediately to the north of the John Adams Dual Carriageway.
Accommodation:
A communal front door leads to a communal Entrance Hall Stairway.
Ground Floor Front Room: 4.00m x 4.00m (13ft 1 x 13ft 1)
Ground Floor Apartment:
Having Hall with storage cupboards.
Lounge: 3.60m x 2.50m (11ft10 x 8ft2)
Kitchen: 2.90m x 1.70m (9ft6 x 5ft7) Having a range of matching kitchen units with stainless steel sink, rear door to yard
Bathroom: Having bath, WC and sink, tiled.
Pantry off kitchen area: 2.00m x 0.90m (6ft7 x 3ft)
Bedroom: 4.10m x 3.80m (13ft5 x 12ft6)
First Floor Landing:
Letting Room No 1: 4.00m x 3.60m (13ft1 x 121ft10) Front, having sink.
Letting Room No 2: 4.00m x 3.60m (13ft1 x 121ft10) Rear, having sink.
Communal Bathroom: having bath, corner sink, low level WC.
Airing cupboard with a pre-insulated copper water cylinder.
Kitchenette Communal: 2.40m x 2.30m (7ft 10 x 7ft7) Having a modern range of kitchen units, comprising 6 door high level units over round edged work surfaces, stainless sink with drainer, space for domestic appliances.
Stairs lead to the Second Floor which is unused measuring 3.50m x 4.10m and 2.50m x 2.20m (11ft6 x 13ft5 and 8ft2 x 7ft3).
Outside:
A shared passageway leads to the rear of the property where there is an enclosed rear yard for the use of the ground floor rear apartment.
Schedule of Tenancies:
Unit 1 – Apartment – AST – £650pcm
Unit 2 - Letting Room – AST - £300pcm
Unit 3 – Letting Room – AST - £281.67pcm
Unit 4 – Second Floor – VACANT- Estimated Rental Value: £300pcm
Total Per Calendar Month: £1231.67
Total Estimated RV Per Calendar Month: £1531.67
Total Per Annum: £14780.04
Total Estimated RV Per Annum £18380.04
Outgoings:
15 Main Ridge is rated Council Tax Band B. Heating is via electric storage heaters.
General Remarks
Possession
Subject to existing tenancy agreements.
Viewing
Unfortunately no internal viewings are possible at this time due to the current pandemic.
Services
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town & Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
BUYERS PREMIUM
1.2% inc VAT of the purchase price, SUBJECT TO A MINIMUM of £1140 inc VAT, payable on exchange of contracts.
Additional Fees
Buyer's Premium: £1,140.00
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
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.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- Terraced House
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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