A Two Bedroom Semi-Detached Bungalow subject to an Assured Shorthold Tenancy Producing £3,900 per annum.

The property comprises a two bedroom semi detached bungalow. The property benefits from a walled forecourt with railings and double opening wrought iron side gates.

Tenure

Freehold

By Order of the LPA Receivers

Location

The property is situated on a residential road close to local shops and amenities and within walking distance of Middlesbrough town centre. Numerous green open spaces are within easy reach including Pallister Park. Transport links are provided by Middlesbrough rail station.

Accommodation

Ground Floor Two Reception Rooms Kitchen Two Bedrooms Shower Room

Exterior

The property benefits from a rear garden.

Tenancy

The property is subject to an Assured Shorthold Tenancy agreement from 1st April 2016 for a term of 120 months at a rent of £75 per week.

The LHA rates for a 2 bedroom property in this postcode is £97.81 per week. Thus potential income of £5,086.12 per annum (source: https://lha-direct.voa.gov.uk).

Current Rent Reserved £3,900 per annum

Lot Type

Residential Investments

Viewing Details

Open House Viewings: Tuesday 11th July 10:00 - 10:20 Tuesday 18th July 10:00 - 10:20

Addendum

Please note that this property is subject to a Buyers Premium of £500 + VAT. This is in addition to the buyer's admin fee of £650 + VAT charged by the auctioneers.

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.