A Three Bedroom Semi-detached House Subject to a Regulated Tenancy Producing £3,744 per annum. Occupying a Large Corner Plot with Future Potential for Development (subject to obtaining all relevant consents).

The property comprises a three bedroom semi-detached house arranged over ground and first floors.

Tenure

Freehold

Location

The property is situated on a quiet residential road in Kidsgrove close to local shops and amenities. The open spaces of Clough Hall Park are within easy reach. Transport links are provided by Kidsgrove rail station.

Accommodation

Ground Floor Reception Room Kitchen Store Room First Floor Three Bedrooms Bathroom with WC & wash basin

Exterior

The property benefits from off street parking with both front and rear gardens.

Tenancy

The property is subject to a Regulated Tenancy from 29 September 1973 at a rent of £72 per week (effective from 22 March 2015) with rent reviews every two years.

We understand from the vendor that he has already submitted a rent review application which is currently due. We are informed that the new potential rent may be increased to £85 per week which equates to £4,420 per annum.

Current Rent Reserved £3,744 per annum

Lot Type

Residential Investments

Viewing Details

Please register your interest by requesting the legal pack. You will then be sent emails with the viewing times as and when they are confirmed.

Legal Pack Received

False

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.