*CASH ONLY. TENANT IN SITU PAYING £700PCM*
This first floor flat is being offered to the market with tenants in situ, making it a fantastic investment generating an attractive rental yield of 10%.
The property is situated in a well-connected residential location within close proximity to local amenities, transport links, and easy access into the City Centre.
The accommodation comprises an entrance hall, a fitted kitchen that opens into a spacious living area, creating a bright and airy open-plan layout. There are two generously sized double bedrooms and a four-piece bathroom suite complete with a separate shower and bath.
Outside, the property benefits from a communal car park, providing off-street parking for residents.
The following leasehold information has been given to us by the current owner, this will require confirmation from a conveyancer upon purchase:
Lease length: 86 years remaining
Service Charge: £325 per annum
Ground Rent: None
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Entrance Hall Living/ Kitchen/ Diner 7.20 x 5.39m at max
All open plan
Bedroom 4.24 x 3.01m
Bedroom 3.29 x 3.04m
Bathroom 3.03 x 2.59m
Four piece suite with corner shower cubicle, bath, low level flush WC and pedestal sink
