Property for sale
Key information
Property description & features
- Tenure: Freehold
- Four storey
- Terraced investment property
- Situated in a convenient location
- Three letting units
- Rental income of £17,496 per annum
We are pleased to offer to auction this four storey terraced investment property arranged as three letting units, situated in a convenient location for the Market Street and the shops and amenities of the main town centre. The letting units currently generate a rental income of £17,496 per annum.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Alexandra Road, situated in a convenient location for the Market Street and the shops and amenities of the main town centre.
Accommodation: Ground Floor Studio Flat
Door from the shared entrance hall to the
Bedroom 11'10" x 10'9" (3.62m x 3.30m). Double glazed window to the front. Alcoves. Electric heater.
Inner Lobby with a tiled Shower Cubicle with a glazed screen and electric shower unit. Understairs storage cupboard.
Kitchen 11'0" x 10'8" (3.38m x 3.27m). Double glazed window to the rear. Fitted with modern units in a wood grain effect finish comprising floor base cupboards and drawers with roll edge work top areas and a stainless steel sink unit. Matching wall cupboards. Space for an electric cooker with a cooker hood over. Tiled surrounds. Built in storage cupboard.
Separate WC 5'7" X 2'9" (1.71m X 0.84m). Modern white suite comprising a pedestal wash basin with an electric water heater, close couple WC. Extractor fan. Wood effect flooring.
Accommodation: First Floor Studio Flat
Door from the ground floor entrance hall with stairs leading to the First Floor.
Small Landing Area.
Living Room and Kitchen 15'0" x 10'11" (4.58m 3.34m). Double glazed window to the rear. Kitchen area fitted with a range of modern units in a wood effect finish comprising floor base cupboards and drawers with long work top areas and a stainless steel sink unit. Fitted electric hob and oven. Space for a washing machine and fridge. Lounge area with space for a dining table and lounge furniture. Part carpeted and wood effect flooring. Electric heater.
Bedroom 15'1" x 10'10" (4.61m x 3.32m). Double glazed window to the front. Electric heater. Fitted double wardrobe. Door to
Shower Room/WC 7'0" X 4'4" (2.15m x 1.32m). Modern white suite comprising a pedestal washbasin with an electric water heater, close couple WC. Tiled shower cubicle with glazed screens and an electric shower un...
Accommodation: Lower Maisonette
Door from the ground floor entrance hall with stairs leading down to
Landing area. Small window. Door to the
Open Plan Kitchen and Living Room.
Living Area 13'3"x 9'8" (4.04m x 2.97m). Double glazed window to the rear. Electric heater. Fitted wardrobe, storage cupboard and shelving. Wood effect flooring. Wide opening to the
Kitchen Area 14'10" x 10'9" (4.52m x 3.29m). Fitted with modern white floor base cupboards and drawers with roll edge work top areas and a stainless steel sink unit. Tiled surround. Matching wall cupboards. Space for a table and chairs. Wood effect flooring.
Accommodation
Stairs from the landing lead down to the
Lower Hallway. Double glazed window to the rear and part double glazed door to the garden. Electric heater. Wood effect flooring. Door to a large walk in Storage/Utility Cupboard with plumbing for a washing machine.
Large Bathroom/WC 12'3" x 7'0" (3.74m x 2.15m) approximately. Modern white suite comprising a panelled bath with a tiled surround. Pedestal wash basin. Close couple WC. Separate shower cubicle with glazed screens and a chrome shower fitting. Built in cupboard. Wood effect flooring. Electric heater/towel rail. Double glazed window to the rear,
Rear Garden. Small rear garden for the maisonette, mainly concrete with a raised bed, enclosed by walls and fencing.
Income
The flats are currently let on assured shorthold tenancies. First Floor Studio Flat £448 PCM, Ground Floor Studio Flat £445 PCM, Maisonette £565 PCM.
Tenure
Freehold. TITLE NUMBER: DN64416
EPC
First Floor Studio Flat Band E, Ground Floor Studio Flat Band D, Maisonette Band E.
Council Tax
Each Flat is Band A
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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