House For Sale £55,000
For sale by auction on Wednesday, 01 Sep 2021 at 12:30
Venue: Live Stream
for sale via live stream auction on the 1st September - please note you will need to pre-register in order to bid by 17.00 the previous day.
If you are wanting to watch the live stream auction but do not wish to bid, this can be done by clicking on the Green Banner which will be displayed on our website prior to the auction.
If you have not registered to bid and are wanting to register, click on the 'Register to Bid' button on our website and follow the instructions on the screen. Please note that you will need to be registered for the auction by 17.00 the previous day.
If you have registered to bid, click on the Green Banner, and press the ‘Sign in to bid’ button – this will then ask you to login with your Auction Passport account. Once you have logged in, you will then be able to watch the live stream auction and bid on the entries you have registered for.
If you have any queries, please do not hesitate to contact us.
An excellent opportunity to purchase a partly refurbished and partly let building with further potential.
Number 9 comprises of a three bedroomed residential flat let at £332.32 every four weeks (£4320 per annum). The flat has been let to the current occupier for in excess of 19 years. Number 11 has been fully refurbished to comprise of a two bedroom plus study ground floor apartment. It is believed that this property would have a rental income in the order of £450-£475 per calendar month (£5400-£5700 per annum). There is a further garage/outbuilding to the rear which would be suitable for conversion, subject to the necessary consents. This is believed to have a further rental income in the order of £300 per calendar month (£3600 per annum). The property thus has a rental income potential in the order of around £13000 per annum.
Number 9
Number 9 comprises of a uPVC front entrance door leading to a small vestibule with stairs rising to the first floor. A sliding door leads to the shared storage room which provides access to the rear garden and also an entrance to number 11. At the top of the stairs, there is a landing with a large walk in pantry store and a cupboard having shelving and lighting and doors to all rooms. Kitchen, having uPVC double glazed window to the front, base and wall cupboards with tiled walls, space for cooker and fridge/freezer and plumbing for an automatic washing machine, stainless steel sink unit, and central heating radiator. Bedroom One, having uPVC double glazed window to the rear, coving to the ceiling and central heating radiator. Bedroom Two, having uPVC double glazed window to the front and central heating radiator. Bedroom Three, having uPVC double glazed window and radiator. Bathroom, having uPVC obscure window to the rear, and a white suite comprising bath, pedestal wash hand basin, WC, central heating radiator and cupboard housing the wall mounted boiler (not tested).
Number 11
Number 11 comprises of an open plan kitchen/lounge, having insert stainless steel sink, electric oven and hob, together with a range of wall and floor cupboards. Bedroom One, 3.2m x 3.5m. Bedroom Two, 2.8m x 3.6m. Study, 3.8m x 2.3m.
Outside
The rear sees a good sized plot together with a useful outbuilding, 3.3m x 7.2m, offering potential for conversion, subject to the necessary consents.
EPC Rating: (9 Nesbit Street - D) (11 Nesbit Street - E)
Additional Fees
Buyers Premium: £1950 plus VAT (£2340 inc VAT), payable on completion.
Administration Charge - £1500 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
for sale via live stream auction on the 1st September - please note you will need to pre-register in order to bid by 17.00 the previous day.
If you are wanting to watch the live stream auction but do not wish to bid, this can be done by clicking on the Green Banner which will be displayed on our website prior to the auction.
If you have not registered to bid and are wanting to register, click on the 'Register to Bid' button on our website and follow the instructions on the screen. Please note that you will need to be registered for the auction by 17.00 the previous day.
If you have registered to bid, click on the Green Banner, and press the ‘Sign in to bid’ button – this will then ask you to login with your Auction Passport account. Once you have logged in, you will then be able to watch the live stream auction and bid on the entries you have registered for.
If you have any queries, please do not hesitate to contact us.
An excellent opportunity to purchase a partly refurbished and partly let building with further potential.
Number 9 comprises of a three bedroomed residential flat let at £332.32 every four weeks (£4320 per annum). The flat has been let to the current occupier for in excess of 19 years. Number 11 has been fully refurbished to comprise of a two bedroom plus study ground floor apartment. It is believed that this property would have a rental income in the order of £450-£475 per calendar month (£5400-£5700 per annum). There is a further garage/outbuilding to the rear which would be suitable for conversion, subject to the necessary consents. This is believed to have a further rental income in the order of £300 per calendar month (£3600 per annum). The property thus has a rental income potential in the order of around £13000 per annum.
Number 9
Number 9 comprises of a uPVC front entrance door leading to a small vestibule with stairs rising to the first floor. A sliding door leads to the shared storage room which provides access to the rear garden and also an entrance to number 11. At the top of the stairs, there is a landing with a large walk in pantry store and a cupboard having shelving and lighting and doors to all rooms. Kitchen, having uPVC double glazed window to the front, base and wall cupboards with tiled walls, space for cooker and fridge/freezer and plumbing for an automatic washing machine, stainless steel sink unit, and central heating radiator. Bedroom One, having uPVC double glazed window to the rear, coving to the ceiling and central heating radiator. Bedroom Two, having uPVC double glazed window to the front and central heating radiator. Bedroom Three, having uPVC double glazed window and radiator. Bathroom, having uPVC obscure window to the rear, and a white suite comprising bath, pedestal wash hand basin, WC, central heating radiator and cupboard housing the wall mounted boiler (not tested).
Number 11
Number 11 comprises of an open plan kitchen/lounge, having insert stainless steel sink, electric oven and hob, together with a range of wall and floor cupboards. Bedroom One, 3.2m x 3.5m. Bedroom Two, 2.8m x 3.6m. Study, 3.8m x 2.3m.
Outside
The rear sees a good sized plot together with a useful outbuilding, 3.3m x 7.2m, offering potential for conversion, subject to the necessary consents.
EPC Rating: (9 Nesbit Street - D) (11 Nesbit Street - E)
Additional Fees
Buyers Premium: £1950 plus VAT (£2340 inc VAT), payable on completion.
Administration Charge - £1500 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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