Property description
A residential Investment Opportunity currently producing in excess of £33,420 per annum.
The property comprises of a newly redevelopment pair of Victorian terraced properties providing 7 Apartments plus a converted office to provide a bedsit. There is a mixture of 1 bedroomed and 2 bedroomed apartments and most are currently let by way of Assured Shorthold Tenancies producing £33,420 per annum. There is just one vacant flat. When fully let the income would be in excess of £40,020 per annum.
The property has been fully refurbished to a high standard and includes double glazing, gas central heating, secure entry intercom system and parking to the rear for several cars.
GUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve PriceThe sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 14-JUL-2016
- LOT NUMBER : 28
- RESIDENTIAL INVESTMENT PRODUCING IN EXCESS OF £33,420 OER ANNUM. DOUBLE GLAZING. CENTRAL HEATING. I
- Residential Investment