Studio Flat For Sale £200,000
For sale by online auction on Tuesday, 23 Nov 2021 ending at 13:00
for sale by unconditional online auction! (immediate exchange) Bidding Opens 22nd November 2021 and closes 23rd November 2021
calling all investors - Excellent potential investment opportunity having generated an income over £30,000 throughout the account year of 2020/2021.
Situation:
The property is located on Station Road in the popular market town of Retford only a short walk from the station. Retford has a wealth of amenities including shops, pubs, restaurants and sports facilities and is an ideal commuter base being on the East Coast mainline and a short drive to the A1 and motorway networks.
Description:
The property has been run as a very successful business with three self-contained flats which have been and continue to be operated on a holiday let basis via various websites and the owner advises they currently charges between £59 to £89 per night including cleaning charge dependent on the flat. Despite restrictions due to covid the property has generated an income £32,821.05 throughout the account year of 2020/2021 through which time the business was shut down for a number of weeks and then only open to contracts and no weekend guests were permitted until 2021 thereby offering significant scope for further increased income. The flats have wifi connection and TV points plus electric heating system. All rooms are maintained to a high standard.
Accommodation:Flat 15A – Set over the second and third floor and accessed from the ground floor door via the hallway and stairs with three double bedrooms, lounge and separate kitchen plus shower room.
Flat 15B – Ground floor flat with lounge incorporating kitchen, double bedroom and shower room.
Flat 15C – Basement flat accessed via the passage to the right and secure gate to the rear which leads to the communal garden area. Comprising double bedroom/lounge, kitchen diner and shower room.
On street parking is available opposite the property on the wall side of the station.
Fittings and furnishings can be purchased by agreement with the owner as required.
General RemarksTenure
The property is believed to be freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Possession
Vacant possession wil
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £480 inc VAT
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.
for sale by unconditional online auction! (immediate exchange) Bidding Opens 22nd November 2021 and closes 23rd November 2021
calling all investors - Excellent potential investment opportunity having generated an income over £30,000 throughout the account year of 2020/2021.
Situation:
The property is located on Station Road in the popular market town of Retford only a short walk from the station. Retford has a wealth of amenities including shops, pubs, restaurants and sports facilities and is an ideal commuter base being on the East Coast mainline and a short drive to the A1 and motorway networks.
Description:
The property has been run as a very successful business with three self-contained flats which have been and continue to be operated on a holiday let basis via various websites and the owner advises they currently charges between £59 to £89 per night including cleaning charge dependent on the flat. Despite restrictions due to covid the property has generated an income £32,821.05 throughout the account year of 2020/2021 through which time the business was shut down for a number of weeks and then only open to contracts and no weekend guests were permitted until 2021 thereby offering significant scope for further increased income. The flats have wifi connection and TV points plus electric heating system. All rooms are maintained to a high standard.
Accommodation:Flat 15A – Set over the second and third floor and accessed from the ground floor door via the hallway and stairs with three double bedrooms, lounge and separate kitchen plus shower room.
Flat 15B – Ground floor flat with lounge incorporating kitchen, double bedroom and shower room.
Flat 15C – Basement flat accessed via the passage to the right and secure gate to the rear which leads to the communal garden area. Comprising double bedroom/lounge, kitchen diner and shower room.
On street parking is available opposite the property on the wall side of the station.
Fittings and furnishings can be purchased by agreement with the owner as required.
General RemarksTenure
The property is believed to be freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Possession
Vacant possession wil
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £480 inc VAT
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.
