SOLD FOR £227,000 - An end of terrace period property arranged as two self-contained flats in need of refurbishment (1 x 2-bedroom flat and 1 x 1-bedroom flat) with a large garage/workshop to the rear. The property offers excellent scope for redevelopment or could be retained in its current layout as a rental investment. An ideal opportunity for builders, developers and investors.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 29 June 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
SOLD FOR £227,000 - TWO FLATS & LARGE GARAGE/WORKSHOP
An end of terrace period property arranged as two self-contained flats in need of refurbishment (1 x 2-bedroom flat and 1 x 1-bedroom flat) with a large garage/workshop to the rear. The property offers excellent scope for redevelopment or could be retained in its current layout as a rental investment. An ideal opportunity for builders, developers and investors.
The property is situated in a popular residential location on the corner of Lewin Street and Blackswarth Road in St George. Excellent transport links are provided to the city centre and a wide range of local amenities are available on Church Road.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR FLAT - A self-contained two-bedroom flat comprising of a living room, two bedrooms, a kitchen and bathroom.
FIRST FLOOR FLAT - A self-contained first floor flat comprising of a living room, double bedroom, kitchen and bathroom.
REAR GARAGE/WORKSHOP - A substantial garage/workshop with sliding door and access onto Blackswarth Road.
TENANCY DETAILS -
GROUND FLOOR FLAT - Currently vacant.
FIRST FLOOR FLAT - Let on an AST producing £117 per week (£6,084 per annum).
REAR GARAGE/WORKSHOP - TBC
The property is for sale on a freehold basis, subject to the above tenancies. Please refer to the legal pack for further details.
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATES (EPCs) -
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000
If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,500 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.