A mid-terrace property which is currently arranged as three separate flats let on AST's generating a gross income of £14,160 pa.
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, this property offers a fantastic chance for investors to add to their portfolio or change the property back into a family home.
Description
This mid-terrace property arranged over three floors is currently arranged as three separate flats, one on each floor. The flats are currently all let on Assured Shorthold Tenancies (AST's) and generate a gross income of £14,160 per annum. The property is fully double-glazed but would benefit from some general refurbishment.
Accommodation
Ground Floor: Two bedroom flat with rear yard.
First Floor: One bedroom flat, two shower rooms for flats 2 and 3
Second Floor: One bedroom flat.
Tenure
The property is freehold.
Tenancy
Subject to existing tenancies - please check 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.
Council Tax Band
A
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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- 4 Bedrooms
- Tenure: The property is freehold.
- Unconditional (Immediate Exchange)
Call the team on 0845 400 9900 for more information
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