House For Sale £340,000
This substantial freehold, detached property was divided into flats many years ago. Currently configured as 3 x two bedroom flats and 5 x one bedroom flats. We have been advised by the sellers that the current income being generated is £38,200 per annum. This is offering a return of more than 11% when based on the guide price. Six of the flats have separate kitchens which may provide the new landlord with an opportunity to generate more bedrooms/additional income. A small number of tenants are longstanding having lived there for more than 5 years.
The block is located on 0.5 miles from Knottingley town centre and supermarkets.
Please note: Auction House have not inspected Flat 3.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Accommodation
Charges & Payments
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1200.00 inc VAT.
Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor.
For more details please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
The block is located on 0.5 miles from Knottingley town centre and supermarkets.
Please note: Auction House have not inspected Flat 3.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Accommodation
Charges & Payments
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1200.00 inc VAT.
Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor.
For more details please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
