• For sale by online auction +
• Register at tcpa.co.uk +
• Unique investment opportunity +
• 2x Apartments +
• 2x three bedroom residences +
• Potential to develop further +

For sale by Online Auction - 28th of January at 10:00.

Substantial Investment Opportunity

Description
An excellent opportunity to acquire a substantial residential investment comprising two spacious three-bedroom houses, two self-contained apartments and a large stone-built garage/workshop, all within a single, highly lettable lot.

The property is currently producing a gross income of approximately £56,000 per annum, with clear and realistic scope to significantly enhance returns through optimisation of the existing accommodation and future development (subject to the necessary consents).

Number 13 is a well-proportioned and thoughtfully laid-out three-bedroom house that has recently undergone a full refurbishment and redecoration, including the installation of a new boiler. The property benefits from its own private entrance and two substantial rear storage rooms, one of which has been configured as a washroom to support short-term letting use. The property is currently operated on a short-term rental basis and has been achieving circa £2,000 per calendar month, demonstrating strong local demand.

Number 14 is a further spacious three-bedroom house, arranged with three bathrooms and presented in fresh, high-quality decorative order throughout. This unit has not previously been rented, however given its size, condition and immediate proximity to Number 13, it is reasonable to anticipate a comparable level of rental performance, offering an immediate opportunity to increase income.

14A is a stylishly presented one-bedroom ground-floor apartment, benefiting from a modern fitted kitchen and well-appointed bathroom. This unit has been successfully operated as an Airbnb, generating approximately £13,000 per annum.

14B, located directly above, is a two-bedroom first-floor apartment offering a bright sitting area with direct access to a fully equipped kitchen, two double bedrooms and excellent natural light throughout. This unit has also been used for short-term letting, producing circa £13,000 per annum.

To the rear of the site is a large, stone-built garage/workshop, offered with vacant possession. The unit has previously generated £6,600 per annum, and importantly offers development potential for conversion into two additional apartments (subject to planning), representing a highly attractive value-add opportunity.

Tenure
Freehold

Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a fee (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.