Description
Investment opportunity to acquire a first floor flat ready for occupation with the potential to generate £5,940+ per annum, situated in the suburb of Alvaston within easy reach of a full range of local amenities.
The accommodation briefly comprises of communal entrance hall with stairs to the first floor, hallway, fitted kitchen/living area, one double bedroom and shower room. Outside the property has a parking space.
In addition to the flat, the sale includes the Freehold for the entire building providing a long term investment opportunity.
Note to Buyers:
The sale includes the Freehold for the entire building. The Freehold is sold subject to two Occupational Leases both for 999 year terms dated 14th December 1977 and 25th March 1977 - see legal pack
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
