* Leasehold
* For sale by modern method of auction
* Reservation fee will apply
* Great on site facilities for tenants
* Sold tenanted and generating income
* Central location
* Walking distance to both universities
* On - site property manager
* EPC C
* Council tax A
For sale by modern method of auction
** calling all buy to let investors - potential 19. 9% Gross Yield **
An opportunity to acquire a smart studio apartment location in a well
maintained student development.
The property is managed by Urban Student Life who also provide an on - site
concierge service for support to the residents. They also manage the re - let
and tenancy.
Sorry no weekend viewings are available for this property as all viewings are
conducted via Urban Student Life. Do check out our virtual viewing if you are
unable to attend weekday viewings!
Check out the web direct:
On - site facilities:
**Property amenities**
Communal Lounge
Gym
Courtyard
Study Room
Communal TV
Up To 50Mbps* Internet
**CCTV**
Onsite Maintenance
Bike Storage
Laundry Room
Post Collection
Central Location
Table Tennis
All Utility Bills Included
Tenancy Period: 9 September 2023 to 31August 2024
Weekly Rate: £138. 00
**** auction terms ****
Auctioneer Comments This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared
with the Auctioneer, iamsold Limited. This method of auction requires both
parties to complete the transaction within 56 days of the draft contract for
sale being received by the buyers solicitor. This additional time allows
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. This being
4. 2% of the purchase price including VAT, subject to a minimum of £6, 000. 00
including VAT. The Reservation 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 go
through an identification verification process with iamsold and provide proof
of how the purchase would be funded. This property has a Buyer Information
Pack which is a collection of documents in relation to the property. The
documents may not tell you everything you need to know about the property, so
you are required to complete your own due diligence before bidding. A sample
copy of the Reservation Agreement and terms and conditions are also contained
within this pack. The buyer will also make payment of £300 including VAT
towards the preparation cost of the pack, where it has been provided by
iamsold. The property is subject to an undisclosed Reserve Price with both the
Reserve Price and Starting Bid being subject to change. Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted. Where
services are accepted the Auctioneer or Partner Agent may receive payment for
the recommendation and you will be informed of any referral arrangement and
payment prior to any services being taken by you.
Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do
not constitute or form part of an offer or any contract and none is to be
relied upon as statements of representation or fact. The services, systems and
appliances listed in this specification have not been tested by us and no
guarantee as to their operating ability or efficiency is given. All
photographs and measurements have been taken as a guide only and are not
precise. Floor plans where included are not to scale and accuracy is not
guaranteed. If you require clarification or further information on any points,
please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to
be agreed with the seller. Potential tenants: All properties are available for
a minimum length of time, with the exception of short term accommodation.
Please contact the branch for details. A security deposit of at least one
month’s rent is required. Rent is to be paid one month in advance. It is the
tenant’s responsibility to insure any personal possessions. Payment of all
utilities including water rates or metered supply and Council Tax is the
responsibility of the tenant in every case.
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