*Guide | £60,000 - £70,000 (plus fees)
- Block of Apartments
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01642 931060 for more information
INVESTMENT PROPERTY WITH 3 SELF CONTAINED FLATS, CLOSE TO HARTLEPOOL TOWN CENTRE
A large terraced property, located within walking distance to all local amenities, and Hartlepool Town Centre just a mile away. The property has been reconfigured to offer 3 self contained flats across three floors. Off a cummunal entrance hall, the ground floor flat comprises of: lounge, bedroom, kitchen, shower room and is currently tenanted at £410pcm (gross). The first floor flat comprises: lounge, bedroom, shower room, kitchen, and is currently tenanted at £359.66pcm (gross). To the third floor is a studio flat with open-plan kitchen/living/bedroom, seperate shower room, and is currenlty vacant possession. Current combined rental income is £9,235.92 per annum (gross), and there is potential to increase this with the vacant top floor flat. The property requires modernisation, providing scope for added value. We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (19th May), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctionhouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.
Tenure
Freehold
Ground Floor
Communal Entrance Hall Ground Floor Flat: Lounge Bedroom Kitchen Shower Room
First Floor
First Floor Flat: Lounge Bedroom Kitchen Shower Room
Second Floor
Studio Flat: Open-plan Living Room/Kitchen/Bedroom Shower Room
Energy Efficiency Rating (EPC)
Current Rating Flat 3 C Flats 1 & 2 expired
Local Authority
Hartlepool Borough Council
Solicitors
HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800
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 - 1.8% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Administration Charge - £1800 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
