1 bedroom property for sale
Key information
Features and description
- Excellent Investment
- 11% Yield At The Current Asking Price
- 4 x 1 Bedroom Flats
- £15,480 Passing Rent
- Off-Road Parking
- U PVC Double Glazing
- All flats have private bathrooms and kitchens
4 x 1 bedroom flats, current income £15,480 representing a yield in excess of 11% at the current asking price. An excellent investment, not to be missed.
Flat 1 is tenanted at a passing rent of £335PCM commencing in June 2018
Flat 2 is tenant at a passing rent of £280PCM commencing in January 2020
Flat 3 is tenanted at a passing rent of £350PCM commencing in September 2023
Flat 4 is tenant at a passing rent of £340PCM commencing in May 2024.
Room measurements:
Living area- 3.7m x 3.9m, Bedroom - 2.7m x 3.2m.
Living area- 4.5mx5.6m, bedroom- 4.2m x 3.7m, bathrrom - 1.8m x 1.8m.
All flats have private bathrooms and kitchens
An excellent investment opportunity, not to be missed.
Please note we have not inspected this property.
Rooms
Location
Situated on Park Street, Grimsby, Lincolnshire. This property is located close to the Seafront. This property is also local to many amendties such as shops and restaurants.
Accommodation
4 x 1 Bedroom Flats with Off-Road Parking. All flats come with private kitchens and bathrooms.
Living area- 3.7m x 3.9m, Bedroom - 2.7m x 3.2m.
Living area- 4.5mx5.6m, bedroom- 4.2m x 3.7m, bathrrom - 1.8m x 1.8m.
Tenure
Freehold. Title number HS56411
Council tax
Band A
EPC
Available upon request ( rating E )
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.
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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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