* Leasehold
* Sold with A sitting tenant who has been there for several years.
* The tenant is up - to - date with all payments, providing £390 per month income.
* Flat up for auction sale, ideal for investors.
* Property sold as - is, requires refurbishment to meet modern standards.
* Located on the grond floor of A four - flat building.
* Flexible viewings.
Attention investors! Here's your chance to acquire a flat that holds promising
potential. This ground - floor unit, situated in a four - flat building, is up for
auction sale. Please note that the property is sold as - is and requires some
refurbishment to meet modern standards.
The property comes with the benefit of immediate cash flow as it is being sold
with a long - term sitting tenant, who pays £390 per month. Rest assured, the
tenant has been punctual with payments and has occupied the property for
several years.
**Ground Floor**
**Entrance**
As you enter, you'll find a compact space with laminate flooring and a storage
cupboard - a useful area that could be refashioned with a bit of creativity.
**Lounge**
The lounge area, although in need of window glass replacement, offers plenty
of room and comes equipped with plumbing flooring and a radiator.
**Kitchen**
The kitchen holds potential with its wall and base units, wood effect
flooring, and additional storage space.
**Bathroom**
The bathroom, decked in white, features a sink, W/C, bath, flooring, a
radiator, and a frosted window, providing all the essentials.
**Bedroom 1**
Two bedrooms complete the flat, both fitted with laminate, radiators, and
windows, ready to be personalized to your tenant's taste or upgraded to
increase rental income.
**Bedroom 2**
Two bedrooms complete the flat, both fitted with laminate, radiators, and
windows, ready to be personalized to your tenant's taste or upgraded to
increase rental income.
**Summary**
Seize this opportunity to purchase a property with a steady income stream
that, with a bit of modernisation, could offer significant returns. Remember,
this flat is sold with vacant possession at auction. Don't miss out!
Service charge: £146. 06 per month
**Auction Conditions**
Auctioneer Comments
This property is for sale by Traditional Auction. Exchange takes place
immediately with completion within 28 days. The buyer
pays a 10% (of the purchase price) Non - Refundable Deposit on exchange.
Interested parties’ personal data will be shared
with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non - Refundable
Reservation Fee of 4. 5% of the purchase
price inc VAT, subject to a minimum of £6, 600 inc VAT. This Fee is paid to
reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is
considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The
buyer will pay £300 inc VAT for this pack.
Services may be recommended by the Agent or Auctioneer in which they will
receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services
are optional.

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