• Mid-terrace property, arranged as five self-contained flats

• Four 1-bed flats and one studio

• Part vacant, producing £21,999.96 per annum

• To be sold via Knight Frank Auctions on Thursday 1st May

Property Description

The property comprises a mid-terrace house, arranged as five self-contained flats. It benefits from front and rear gardens.

Flat 1 is on the ground floor. It is arranged as a one-bedroom flat. The accommodation consists of a living room, kitchen, bedroom and a shower room. It is currently let, producing £450 pcm (£5,400 per annum).

Flat 2 is on the ground floor. It is arranged as a one-bedroom flat. The accommodation consists of a living room, kitchen, bedroom and a shower room. It is currently let, producing £500 pcm (£6,000 per annum).

Flat 3 is on the first floor. It is arranged as a one-bedroom flat. The accommodation consists of a living room, kitchen, bedroom and a shower room. It is currently let, producing £433.33 pcm (£5,199.96 per annum).

Flat 4 is on the half-landing between the first and second floors. It is arranged as a studio. The accommodation consists of a room with fitted kitchen and a shower room. Currently vacant.

Flat 5 is on the second floor. It is arranged as a one-bedroom flat. The accommodation consists of a living room, kitchen, bedroom and a shower room. It is currently let, producing £450 pcm (£5,400 per annum).

The property offers various asset management opportunities and development potential, including letting vacant flats and converting to a family home, subject to obtaining the requisite consents (and existing tenancies).

The internal photos are from a combinations of flats 2, 3, 4 & 5. Knight Frank have not inspected or measured the property. The accommodation has been confirmed by the vendor.

Open House Viewings:
Saturday 26th 12:00pm – 12:30pm
Tuesday 29th 12:00pm – 12:30pm
Please arrive at the start time.

Location

The property is located in a residential area, close to Chaucer Community Primary School. Ample amenities can be found a short walk away at Lord Street. Benefits from excellent road and public transport links.

Occupancy

Tenanted

Tenure

Freehold

EPC Rating

D/E

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price 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. A full definition can be found within the Auction Conduct Guide.