6 week completion available

Freehold residential investment comprising 5 x 2 bedroom & 1 x 1 bedroom duplex apartments let on AST's producing £44,700 pa.

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Description/Location

A high yielding "turn-key" investment opportunity. This former public house has been converted to a high standard and arranged as 6 self contained flats. There is a yard and detached garage (could be let to create additional income). The properties are let on individual AST's to one tenant - a charity, there are no agent / management fees.

Tenure

Freehold

Office Contact

Please contact Network Auctions on 020 7871 0420

Accommodation

All floor areas sourced via EPC. All flats are rated A for council tax, energy ratings C except Flat 2 which is D. Apartment 15a - 69 sqm / 742 sq ft. AST £7500 pa. Apartment 1 - 67 sqm / 721 sq ft. AST £750 pa. Apartment 2 - 65 sqm / 700 sq ft, AST £7500 pa. Apartment 3 - 44 sqm / 474 sq ft, AST £7200 pa. Apartment 4 - 60 sqm / 646 sq ft, AST £7500 pa. Apartment 5 - 60 sqm / 646 sq ft, AST £7500 pa.

Rent

Current Rent: £44,700 pa

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*Guide Price & Reserves

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

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.