Property Features
- AMAZING INVESTMENT OPPORTUNITY
- Sold Via Modern Method of Auction
- 10 Flats
- Each flat can be sold individually
- Over £54,000 gross return
- Council Tax Band- A
- EPC- Mix of B and C
- Tenure- Leasehold
Full Details
AMAZING INVESTMENT OPPORTUNITY FOR SALE VIA AUCTION
We are delighted to present the opportunity to own 10 2 bedroom flats in a developing area, with a potential gross return of over £56,000! Thats a 13.3% return!
The flats are positioned in Cambridge Court, this is on the outskirts of the developing Tindale area of Bishop Auckland. The flats income are as follows and are also available as individual purchases:
Flat 50-385pcm
Flat 51-400pcm
Flat 79-425pcm
Flat 80-475pcm
Flat 81-465pcm
Flat 82-Currently advertised at £525
Flat 83-450pcm
Flat 84-Currently advertised at £525
Flat 85-Currently advertised at £525
Flat 86-£525pcm
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Agent Notes
Mobile Coverage- EE Likely Three Likely O2 Likely Vodafone LikelyBroadband Speeds-Standard 7 Mbps 0.8 Mbps GoodSuperfast 80 Mbps 20 MbpsFlood Risk- Seas and rivers: Very LowSurface water: Very Low
Disclaimer
Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service. PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the time at which we inspected the property. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. VIEWING ARRANGEMENTS To arrange an appointment to view this property, please contact us on 01388 608523, hours are Monday to Friday 9.00a.m. to 5.00p.m, Saturday 9.00a.m. to 12.00p.m
