This two bed terrace with basement studio is now fully let and generating an impressive annual income of £10,800. This equates to a gross return in excess of 14% when based on the lower guide price. Both tenants are working and the main house tenants have recently signed a new 12 month tenancy agreement. All of the property has double glazing with the main house having gas central heating & water & the basement studio having gas boiler water & electric heating.
Lower Ground Floor
Shower room and studio
Living room and kitchen
Bedroom & bathroom
Small yard to the front with on street parking available
Charges & Payments
In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £600.00 inc VAT. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor. For more details please see the legal pack.
Guides are provided as an indication of each seller's 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.
Administration Charge - See charges and payments above.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.