No longer on the market
This property is no longer on the market
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Key information
Features and description
- Modern Method Of Auction - T&C's Apply
- Reservation Fee Payable
- Investment Oppurtunity
- Town centre location
- Excellent transport links
- Sold with tenants in situ
- 2nd Floor apartment
- Complimented by communal rooms and laundry room
- EPC Rating - C, Council Tax Band - A
For Sale by Modern Method Of Auction T&C's Apply
This property making the perfect investment! being situated within one of the most prominent town centre locations the ease of access to everything could not be better, consisting of a Bedroom/Living Space, a Shower Room this creates the perfect base for a student to settle themselves.
Benefitting from being on the doorstep of Loughborough University and being surrounded by many shops and amenities this property is situated perfectly, an internal viewing is key to appreciate the works from the management company.
AGENT NOTE - We have been advised (as of 3rd July 2024) that the property is Leasehold with 240 years left on the lease, the ground rent cost per annum is £448.71 and service charge is £317.00 per annum. Gross income comes out at a weekly rate of £118.79. The rental income is accumulative throughout the whole building and is shared amongst the owners, please ask for more detail.
Rooms
BUYING CONDITIONS
This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
BUYERS INFORMATION PACK
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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