Description

FOR SALE VIA MODERN METHOD OF AUCTION STARTING BID £340,000 An excellent and rare mixed use investment opportunity. Comprising a first floor two bedroom flat, a ground floor one bedroom flat, and a ground floor commercial unit, providing opportunity for multiple income streams. The residential accommodation is well configured and appeals to strong tenant demand. The first floor two bedroom flat offers well proportioned living space ideal for sharers or families, while the ground floor one bedroom flat is perfectly suited to single or professional tenants. Together, they support consistent occupancy and reliable rental income. The commercial unit benefits from prominent street frontage, enhancing income security and long term investment appeal. The property delivers an estimated gross yield of approximately 9-10%, as a fully occupied unit. With further scope to increase returns through rental growth or reconfiguration. Subject to the relevant planning permissions and HMO (truncated)

Auction Notes

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 4.5% subject to a minimum of 6,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. (truncated)

Auctioneer Comments

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 4.5% 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 (truncated)

Basement

3.94m x 2.64m

Lounge

4.59m 4.17m

Kitchen

4.58m x 2.23m

Bedroom

3.85m x 3.29m

En Suite

3.8m x 1.13m

Utility Room

2.18m x 1.13m

Stairs to;

Reception

4.18m x 3.7m

Master Bedroom

4.16m x 2.8m

Bedroom Two

3.47m x 3m

Kitchen

4m x 3.41m

Bathroom

3.4m x 2.14m

Reception / Office

4.06m x 2.81m

Kitchen

2.04m x 1.94m

Shower Room

1.97m x 1.1m