No longer on the market
This property is no longer on the market
Map2 bedroom block of apartments
Block of apartments
2 beds
Key information
Features and description
- * over £31,000 income per annum with the potential to achieve over £39,000
- * a selection of 8 one and two bedroom apartments
- * all apartments fully tenanted
- * 10 garages to the rear available for rent
- * central location
- * yards from local shops and amenities
- * must be viewed
* FOR SALE BY AUCTION *
ATTENTION PROPERTY INVESTORS!
* OVER £31,000 INCOME PER ANNUM WITH THE POTENTIAL TO ACHIEVE OVER £39,000
* A SELECTION OF 8 ONE AND TWO BEDROOM APARTMENTS
* ALL APARTMENTS FULLY TENANTED
* 10 GARAGES TO THE REAR AVAILABLE FOR RENT
* CENTRAL LOCATION
* YARDS FROM LOCAL SHOPS AND AMENITIES
* MUST BE VIEWED
The property itself is located in the heart of Ferryhill - very close to Ferryhill Market place, shops schools and amenities. Comprising of 8 one and two bedroom apartments all tidy and well presented, the information on individual apartment rent is available at the office. Location is ideal for commuting purposes to nearby Durham City, Darlington and Teesside.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% plus VAT; to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.
ATTENTION PROPERTY INVESTORS!
* OVER £31,000 INCOME PER ANNUM WITH THE POTENTIAL TO ACHIEVE OVER £39,000
* A SELECTION OF 8 ONE AND TWO BEDROOM APARTMENTS
* ALL APARTMENTS FULLY TENANTED
* 10 GARAGES TO THE REAR AVAILABLE FOR RENT
* CENTRAL LOCATION
* YARDS FROM LOCAL SHOPS AND AMENITIES
* MUST BE VIEWED
The property itself is located in the heart of Ferryhill - very close to Ferryhill Market place, shops schools and amenities. Comprising of 8 one and two bedroom apartments all tidy and well presented, the information on individual apartment rent is available at the office. Location is ideal for commuting purposes to nearby Durham City, Darlington and Teesside.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% plus VAT; to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.
Property information from this agent
About this agent
Robinsons - Estate agents in Spennymoor With a proven track record of success through a team of qualified employees, we are the estate agency in Spennymoor that understands the most effective way of getting the best price possible for your property. Our team are dedicated to providing a service that is specific to your needs and meet your expectations from a home sale or purchase. When selling your home, we can utilise all of our marketing strategies to ensure that your property receives the marketing package that is right for you to support a successful sale. For buying we take your preferences for a property and find you a list of exciting homes that we feel would be suitable for you, we can accompany you on the viewings to give you all the essential information that you need. We are a Spennymoor estate agency in very a capable position to help any landlords looking to let their property in the northeast area and for tenants who need help finding a place to rent in Spennymoor. Contact us today with whatever service you require and we will discuss the opportunities available for you. Spennymoor local information A town in County Durham, Spennymoor was founded in the 1850s and stands above the Wear Valley. Some of the most notable landmarks of the town include Whitworth Hall, a famous estate well known for its inclusion in the nursery rhyme “Bobby Shafto’s gone to Sea”. It is now a site for a well-farmed deer park, which is enclosed by a walled garden. Spennymoor Settlement is a centre for the fine arts, with drama and music events regularly appearing in the building, amongst other community events. There are also plans for a brand new Regional Arts Centre. The local football team is Spennymoor Town F.C and the leisure centre includes the local swimming pool, which offers swimming lessons, football coaching, martial arts tutoring, tennis lessons, badminton practice, a gymnasium and gymnastic workouts. The site is also home to a modern Regional Gymnasium Centre, made possible by a portion of funding from the National Lottery and Sport England.