---

1 bed Flat For Sale £42,000
71 Keele House, The Midway, Newcastle Under Lyme, Staffordshire ST5


Description
Guide Price £42,000.00 £3,000 plus VAT
For sale by unconditional online auction.



Located on the second floor, this studio is open plan cleverly designed to allow for a bedroom to be separate from the kitchen and living space. With its own private en-suite bathroom and study area. The Studio is within the Keele House development and caters exclusively to students looking to live both independently and comfortably. Keele House offers a dedicated cinema and game room, a gym and concierge service and a roof garden.

Keele House - Key Investment Facts - As at 2020/21 (21/22 or 22/23 investment facts are awaited)

Ground rent £412 per annum/ Service Charge £2370 per annum (Year 2021/22)
125 year leasehold
Fully managed, hands free investment
Leading student management company in place (Urban Student Life) with a 6% + VAT management fee from the gross rent collected.
Town centre location, close to two major universities

This property is currently tenanted for 51 weeks between 03/09/22 to 26/08/23 at £128 per week. Gross rental income of £6,528 per annum. Based on the guide this would generate a gross rental yield of approximately 14%.

Tenure
Leasehold

unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit of £3,000+VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of id, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the legal documents'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Follow the link for more information:
        
zoopla.co.uk

  
Email notifications
If we find new offers or listing price updates in category 1 bed Flats For Sale you will receive an email alert.


Search




- + Search

Request removal
Impressum