House For Sale £110,000
Summary
attention all landlords! This Grade II Listed Cottage with Tenant in Situ with a yield of over 6% on the guide price. Ideal Investment Purchase in this much sought after South Lincs Town. Within walking distance of all facilities, both primary and secondary schools and a popular Friday market.
Description
`Located in the conversation area of Long Sutton a popular and sought after South Lincolnshire Town. A Grade II Listed Cottage with tenant in Situ. This attractive property makes an ideal Investment Purchase with tenant already in situ with a month rental currently of £600 pcm. Within easy distance of all the facilities of this thriving town.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Agents Note
Being sold with current tenant in situ currently paying £600 pcm.
Entrance Lobby
having single glazed timber door to side, having window to side. Tiled floor.
Lounge 13' 1" Max x 11' 8" ( 3.99m Max x 3.56m )
having sash window to front and side. Fireplace, two wall light points, front entrance door, dado rail, radiator.
Kitchen
having a range of units at wall and base level, worksurfaces, inset one and a half bowl sink, tiled splashbacks. Space for appliances, stairs to first floor, tiled floor, glazed door to rear entrance. Sash window to rear.
Ground Floor Bathroom
having bath with mixer taps, wash hand basin and WC. Radiator, part tiled walls, skylight.
Bedroom 1 13' 1" Max x 11' 9" ( 3.99m Max x 3.58m )
having sash window to front, radiator, TV point, dado rail.
Bedroom 2 10' 5" Max x 7' 7" ( 3.17m Max x 2.31m )
having sash window to rear, radiator, loft access.
Outside
Small frontage set behind low level walling and wrought iron gate. Pathway to side. Rear yard with brick store shed.
Directions
From the Market Place Long Sutton turn left into Market Street and the property can be found on the right hand side.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
attention all landlords! This Grade II Listed Cottage with Tenant in Situ with a yield of over 6% on the guide price. Ideal Investment Purchase in this much sought after South Lincs Town. Within walking distance of all facilities, both primary and secondary schools and a popular Friday market.
Description
`Located in the conversation area of Long Sutton a popular and sought after South Lincolnshire Town. A Grade II Listed Cottage with tenant in Situ. This attractive property makes an ideal Investment Purchase with tenant already in situ with a month rental currently of £600 pcm. Within easy distance of all the facilities of this thriving town.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Agents Note
Being sold with current tenant in situ currently paying £600 pcm.
Entrance Lobby
having single glazed timber door to side, having window to side. Tiled floor.
Lounge 13' 1" Max x 11' 8" ( 3.99m Max x 3.56m )
having sash window to front and side. Fireplace, two wall light points, front entrance door, dado rail, radiator.
Kitchen
having a range of units at wall and base level, worksurfaces, inset one and a half bowl sink, tiled splashbacks. Space for appliances, stairs to first floor, tiled floor, glazed door to rear entrance. Sash window to rear.
Ground Floor Bathroom
having bath with mixer taps, wash hand basin and WC. Radiator, part tiled walls, skylight.
Bedroom 1 13' 1" Max x 11' 9" ( 3.99m Max x 3.58m )
having sash window to front, radiator, TV point, dado rail.
Bedroom 2 10' 5" Max x 7' 7" ( 3.17m Max x 2.31m )
having sash window to rear, radiator, loft access.
Outside
Small frontage set behind low level walling and wrought iron gate. Pathway to side. Rear yard with brick store shed.
Directions
From the Market Place Long Sutton turn left into Market Street and the property can be found on the right hand side.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
