Investment Opportunity
Live stream auction on 24th NOVEMBER 2021 7PM START. Bidding will be available by either telephone, proxy or online bidding. If you wish to bid, please download the bidding form via the tab above and return it by email or post with copies of your ID and proof of address. Requiring some refurbishment. A Victorian Three Storey End Terrace property comprising of five self contained flats. Situated approximately 0.5 miles from the A34 providing links to Newcastle town centre, the A500 and the M6. The property has three flats currently tenanted and two vacant flat giving a potential return of approximately £19,200 per annum.
Tenure
Freehold
The Flats are currently let between £300 per calendar month and £350 per calendar month. We believe that Assured Shorthold Tenancy are in place. At present three of the properties are occupied and rents are up to date.
Viewings
Flat One G/F (bedsit) - £300 pcm - Tenanted
Main Room (3.8m x 4.1m) Shower room
Flat Two G/F - £350 pcm - Vacant
Open plan living space (2.8m x 3.4m), Bedroom (3.3m x 4.3m)
Flat Three F/F (bedsit) - £300 pcm - Tenanted
Main Room (3.9m x 4.1m), Shower room
Flat Four F/F (bed sit) - £300 pcm - Tenanted
Main Room (4.0m x 3.2m), Kitchenette (1.5m x 1.6m), Shower room
Flat Five S/F Studio Flat - £350 pcm - Vacant
Main Room (3.5m x 4.3m), Kitchen (3.0m x 4.0m)
Communal Laundry Room (F/F)
One room (2.3m x 1.8m)
Rear Yard
Good size area to the rear that could potentially be used as an off road parking area
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Stoke on Trent City Council
Solicitors
Anthony & Jarvie, 6 Court Road, Bridgend, Mid Glamorgan, C31 1BW, Ref: Gordon Kemp, Tel: 01656 652737
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.
Additional Fees
Buyer's Premium - £1140 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.