Block of Apartments for saleGround Floor & First Floor Flats, 83 Knox Road, Stamshaw, Portsmouth, PO2 8JJ
- Freehold Investment
- Two Apartments
- Potential Income of £14,000 Per Annum
- Could be Converted Back to One House
- EPC Rating: E
- Great Buy to Let Opportunity
For sale by auction on Thursday 23rd November 2017
At Leicester Auction, Leicester City Football Club, Keith Weller Suite, King Power Stadium, Filbert Way, Leicester, LE2 7FL
Commencing at 11:30 am
A mid terraced bay fronted property which has been converted to provide two apartments
Each apartment benefits from UPVC double glazing and electric heating. The apartments are both sold with vacant possession but would give a potential rental income of around £14,000 per annum.
The property also offers scope to convert back to a three bedroomed family home with minimal works.
Situated in a popular and convenient location close to an excellent range of amenities and Portsmouth City Centre.
Ground Floor Flat
Communal Reception Hall
First Floor Flat
Small Garden to Front
Good Size Enclosed Rear Garden
By arrangement with the auctioneer 0116 254 9654 or can be booked online www.sdlauctions.co.uk
Conditions of Sale
The Conditions of Sale (also known as the legal pack) will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. They will also be available to download from our website. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the legal pack or from the lot information section of our website.
Unconditional Auction Method
Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.
The sale of this lot is subject to a buyer’s administation fee of £954 including VAT (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section, or to find out more about any additional fees associated with this property please contact the auction office.
Map & Street View
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Disclaimer - Property reference gp_leicester_1440365_4490. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Graham Penny, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Auctions Graham Penny, Leicester on 0116 254 9654.
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