For investment. A Freehold three storey terrace house comprising 5 self-contained studio flats, benefitting from 999 year leases. The Leasehold interest of flat 3 has previously been sold off. Flats 1,2,4 & 5 are currently let on Assured Shorthold tenancies producing a total rent of £34,680 per annum, generating a gross yield of 11.56% per annum, based on the guide price.

Rooms

Auction
To be sold by online auction (unconditional) on Friday 27th September 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenancies
Flat 1 - Let on an Assured Shorthold Tenancy for £660 pcm - increases to £750 pcm from1st November 2024 Flat 2 - Let on an Assured Shorthold Tenancy for £750 pcm Flat 3 - Leasehold interest sold Flat 4 - Let on an Assured Shorthold Tenancy for £730 pcm Flat 5 - Let on an Assured Shorthold Tenancy for £750 pcm

Tenure
Freehold

EPC rating
Flat 1 - D, Flat 2 - D, Flat 4 - C, Flat 5 - D

Council tax band
A - Windsor and Maidenhead

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Buy or sell property quickly with our monthly online property auctions. The experienced team has over 20 years experience helping people to sell their property or land at auction. Online property auctions offer one of the fastest, transparent, and effective ways to sell your property. First for Auctions has a dedicated website for customers who may benefit from buying or selling property at auction to browse and bid on property lots, as well as read our specific auctions advice. With all of our auctions taking place online, we are able to offer these services across the country. Our experienced team are committed to providing the highest level of customer service. If you need any help with buying or selling property at auction now or in the future, just ask.

No longer on the market

4 bedroom terraced house

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