- 3RD FLOOR APARTMENT +
- 2X DOUBLE BEDROOMS +
- SITTING TENANT PAYING £700 PER C/M +
- ALLOCATED PARKING +
- DOUBLE GLAZED +
- FOR SALE BY MODERN METHOD AUCTION +
*FOR SALE VIA MODERN METHOD OF AUCTION **
Spacious 2-Bedroom Apartment with Sitting Tenant – Ideal Buy-to-Let Opportunity
Situated on the 3rd floor, this well-presented apartment offers an excellent investment opportunity with a sitting tenant currently paying £700 per calendar month.
The property comprises an entrance hall, a generous lounge, a fitted kitchen, two double bedrooms, and a modern house bathroom. With its practical layout and good proportions throughout, this apartment provides comfortable living space for tenants or future owners alike.
Further benefits include double glazing and allocated parking, ensuring convenience and energy efficiency. This is a fantastic opportunity for landlords looking for a ready-made investment with reliable rental income.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.