2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- 2 Bedrooms
- Entrance Hall
- Commercial Area
- Workspace
- Apartment
- Living Room
- Kitchen
- Bathroom
- EPC TBC
- Council Tax TBC
This investment property comprises of a ground floor commercial shop accompanied with a two bedroom first floor flat. The property offers a floor space 130.36 sq. m (1403 sq. ft) over two floors located within this busy shopping parade of mixed use commercial and residential properties.
Ideally located on Woods Terrace the downstairs offers a large, fully refurbished commercial space with kitchen facilities to the rear and a W/C.
Access to the rear lane and a separate access to the first floor flat via a communal rear entrance. Upstairs offers a fully refurbished two bedroomed flat.
It is anticipated that the shop unit will command a rent of £600-£700 pcm and the first floor flat £475-£525 pcm which should realise an anticipated rent yield above 10%.
AUCTIONEER COMMENTS:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Rooms
Entrance Hall
White UPVC double-glazed door at front of shop.
Commercial area
8.7 x 4.9 - Large commercial space with laminate flooring and double-glazed window to store front.
Downstairs kitchen area
5.0 x 2.0 - A range of grey base units with sink and mixer tap.
Workspace
3.4 x 2.4 - Large work area to the rear of the ground floor.
Apartment
Living Room
4.9 x 4.1 - A spacious living room with white UPVC double glazed window
Kitchen
4.6 x 2.0 - To the rear aspect a full range of wall and base unit. Electric cooker and hob. Sink with mixer tap and drainer. White UPVC double-glazed window.
Bathroom
2.1 x 1.5 - White suite with shower cubicle, W/C and hand basin. UPC double-glazed window.
Bedroom 1
4.4 x 2.7 - To the front aspect. White UPVC double-glazed window.
Bedroom 2
3.4 x 2.0 - To the front aspect, White UPVC double-glazed window.
Disclaimer
Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service. PLEASE NOTE that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the (truncated)
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Property reference HAR230449. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Holbrook & Co - Hartlepool.
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Broadband availability and predicted speed: obtained from Ofcom on December 28, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 28, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on December 7, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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