This property has been entered into an online auction ending 09/05/2024 12:00:00

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £195,000 8% YIELD - ATTENTION INVESTORS, READY MADE INVESTMENT OPPORTUNITY, BLOCK OF 4 FLATS CLOSE TO ST. ANNES TOWN CENTRE AND THE SEA FRONT..... Unique Estate Agency are delighted to bring this investment to the open market. One 2 bedroom ground floor flat & Three x 1 bedrooms flats ***

Currently fully occupied, the property currently rents out at £21,720 per annum. It is our belief in the current rental market that the rental income has scope for growth.

Welcome to St. Andrews Road South! A convenient location situated close to  St. Annes square, with all it's amenities and transport links. The property is also situated close to the sea front. The property benefits from being recently re-wired throughout; which now makes the property fully compliant with current electrical regulations.

This end terrace block of flats, is the ideal investment opportunity and is currently set up as one 2 bedroom ground floor flat and 3 one bed flats.

This property comprises of:

GROUND FLOOR:

Communal entrance and hallway.

Flat 1 - Large lounge with bay window to front elevation, 2 bedrooms, bathroom, rear garden. EPC RATING - D. CURRENT RENT - £595PCM

FIRST FLOOR:

Flat 2 - Open plan lounge with kitchen,  bedroom, 3 piece shower room. EPC RATING - E - CURRENT RENT - £390PCM

Flat 3 - Living room, separate fitted kitchen, bedroom, shower room. EPC RATING - D - CURRENT RENT - £425PCM

SECOND FLOOR:

Flat 4 - Living room, fitted kitchen,  bedroom with 3 piece en-suite shower room. EPC RATING - E - CURRENT RENT - £400PCM

Offered with no onward chain!

uctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.