For sale by Auction on 30th November 2023

A block of 4 self contained apartments in great letting location.

A substantial two storey property which offer 4x one bedroom flats and a car park to the rear.

The property is offered fully let with a combined income of approx. £20,000 per annum.
We believe there is scope for significant rental increase.

Kegworth is a well service village and has East Midland Airport on its doorstep and the 700 acre East Midlands Gateway logistic park. East Midlands Parkway mainline railway Station is also close by.

A superb freehold investment with income from day one.

Apartment 17 Ground Floor - .Apartment 17
.Ground floor Apartment.
.48 sq Meters. 516 sq Feet
.Current and compliant EICR and EPC.
.Designated front door to hallway.
.Lounge
.Kitchen
.Bathroom
.Enclosed parking to rear.

Apartment 17A First Floor - .Apartment 17a
.First floor Apartment.
.50 sq Meters. 538 sq Feet
.Current and compliant EICR and EPC.
.Designated front door to hallway.
.Lounge
.Kitchen
.Bathroom
.Enclosed parking to rear.

Apartment 15 Ground Floor - .Apartment 15
.Ground floor Apartment.
.46 sq Meters. 495 sq Feet
.Current and compliant EICR and EPC.
.Designated front door to hallway.
.Lounge
.Kitchen
.Bathroom
.Enclosed parking to rear.

Apartment 15A First Floor - .Apartment 15a
.First floor Apartment.
.50 sq Meters. 538 sq Feet
.Current and compliant EICR and EPC.
.Designated front door to hallway.
.Lounge
.Kitchen
.Bathroom
.Enclosed parking to rear.

Tenure - Tenure: Freehold. Subject to tenancy.

Auction Details - The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit And Fees - The following deposits and non- refundable auctioneers fees apply:

. 5% deposit (subject to a minimum of £5,000)

. Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide 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.