** SOLD POST AUCTION **
To be sold via unconditional ONLINE Auction on Tuesday 15th August 2023
(Visit auctionhouse.co.uk/online).
BIDDING OPENS: 13:00 on Monday 14th August 2023
AUCTION ENDS: 13:00 on Tuesday 15th August 2023
GUIDE PRICE: £100,000 to £120,000
** SOLD POST AUCTION **
Tenanted investment opportunity, 2 bedroom, 4th floor apartment, plus balcony and parking. The property benefits from 2 bathrooms, double glazing, electric heating and communal lift. Allocated parking space within a secure car park. Ideal investment opportunity within the heart of the City Centre. Current rent payable £12,000 p.a. circa 9% yield. Leasehold with approximately 130 years remaining.
ACCOMMODATION FOURTH FLOOR
Hallway:
Open plan lounge/ dining area: 19 ft 4 in x 9 ft
Kitchen area: 8 ft 11 in x 6 ft 8 in
Bedroom 1 + en suite: 14 ft 2 in max x 9 ft 2 in max
Bedroom 2: 9 ft 11 in x 9 ft 2 in
Bathroom:
OUTSIDE Balcony
EPC RATING - C
COUNCIL TAX BAND - C
TENURE Leasehold subject to tenancy.
Term: 150 years commencing 22/10/2003
Ground rent: £90 6 monthly
Ground rent period: 01/01/23 - 30/06/23
Service charge: £1,543 per 6 months
Service charge period: 01/01/23 - 30/06/23
TENANCY Assured Shorthold Tenancy
Term: 12 months commencing 01/09/2022
Rent payable: £1,000 p.c.m
ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT)
Buyer's Premium: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.
Tenure: See Legal Pack
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.
Buyer's Premium: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
Call the team on 024 7652 7789 for more information
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