House For Sale £180,000
Auction
Commercial Unit - A terraced property comprising commercial shop unit fronting onto Picton Place, currently utilised as a gent’s hairdressers.
Residential Apartments - To the rear and accessed via an alleyway there are 4 residential flats.
Currently they comprise -
Ground floor with communal entrance.
First floor – Flat 4 - comprising bedroom 1, bedroom 2, bathroom, open plan lounge/kitchen.
Second floor – Flat 3 - comprising bedroom 1, bedroom 2, bathroom, open plan lounge/kitchen.
Third floor – Flat 1 - we were unable to gain access but we understand the accommodation is similar to the other units.
Ground Floor – Flat 2 - comprising room, 1, room 2, bathroom.
Rental Income
We understand that the following rental income is currently achieved –
Flat 1 -£450 pcm. Periodic tenancy.
Flat 2 - £395 pcm. Periodic tenancy.
Flat 3 -£395 pcm. Periodic tenancy.
Flat 4- £450 pcm. Periodic tenancy.
Shop- £550 pcm inc water rates. 5 year lease running from May 2020.
Being Sold by FBM Online Auctions
Starting Bids from: £180,000 (one hundred and eighty thousand pounds).
Buy it now option available.
Please call or visit Online Auctions for more information.
This property is for sale by Modern Method of Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete 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 with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing please contact FBM directly.
General Information:
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Key Features:
Being Sold by Online Auction
Buy-it-Now option available
Commercial Unit - A terraced property comprising commercial shop unit fronting onto Picton Place, currently utilised as a gent’s hairdressers.
Residential Apartments - To the rear and accessed via an alleyway there are 4 residential flats.
Commercial Unit - A terraced property comprising commercial shop unit fronting onto Picton Place, currently utilised as a gent’s hairdressers.
Residential Apartments - To the rear and accessed via an alleyway there are 4 residential flats.
Currently they comprise -
Ground floor with communal entrance.
First floor – Flat 4 - comprising bedroom 1, bedroom 2, bathroom, open plan lounge/kitchen.
Second floor – Flat 3 - comprising bedroom 1, bedroom 2, bathroom, open plan lounge/kitchen.
Third floor – Flat 1 - we were unable to gain access but we understand the accommodation is similar to the other units.
Ground Floor – Flat 2 - comprising room, 1, room 2, bathroom.
Rental Income
We understand that the following rental income is currently achieved –
Flat 1 -£450 pcm. Periodic tenancy.
Flat 2 - £395 pcm. Periodic tenancy.
Flat 3 -£395 pcm. Periodic tenancy.
Flat 4- £450 pcm. Periodic tenancy.
Shop- £550 pcm inc water rates. 5 year lease running from May 2020.
Being Sold by FBM Online Auctions
Starting Bids from: £180,000 (one hundred and eighty thousand pounds).
Buy it now option available.
Please call or visit Online Auctions for more information.
This property is for sale by Modern Method of Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete 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 with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing please contact FBM directly.
General Information:
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Key Features:
Being Sold by Online Auction
Buy-it-Now option available
Commercial Unit - A terraced property comprising commercial shop unit fronting onto Picton Place, currently utilised as a gent’s hairdressers.
Residential Apartments - To the rear and accessed via an alleyway there are 4 residential flats.
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