- FOR SALE VIA MODERN METHOD OF AUCTION +
- 2 X BEDROOMS +
- 2ND FLOOR APARTMENT +
- PARKING SPACE +
- BALCONY +
- TENANT PAYING £700 PER C/M +
- CITY CENTRE LOCATION +
FOR SALE VIA MODERN METHOD OF AUCTION
Spacious 2-Bedroom City Centre Apartment with Balcony & Parking – Investment Opportunity
Located in the heart of the city centre, this generously sized 2nd floor apartment offers a fantastic opportunity for investors or owner-occupiers alike. The property is currently tenanted, achieving a rental income of £700 per calendar month, providing an immediate return.
The accommodation comprises an entrance hall with useful storage cupboard, a bright and spacious lounge with access to a private balcony, a well-appointed kitchen, two double bedrooms, and a modern house bathroom.
Additional benefits include double glazing, electric heating, and an allocated parking space, offering both comfort and convenience in this prime central location.
With all amenities, transport links, and city attractions on your doorstep, this property presents an ideal buy-to-let investment or city home.
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.