* Refurbishment Opportunity
* Auction
* Leasehold
* Ideal investment opportunity
* Buyer’s fees apply
* Buy - it - Now option available
* Being Sold by Online Auction
EPC band: C
Calling all investors.
This Student accommodation consists of 5 rooms which are all currently
tenanted, each room paying £90/95 per week making this an impressive 15%
yield.
Being Sold by Yopa Online Auction Starting Bids from £110, 000 Buy it now
option available
Please call or visit Yopa Online Auctions for more information.
Yopa Online Auctions is a new, innovative and pioneering platform for buying
and selling property. Open to both cash and mortgage buyers. It provides all
the benefits synonymous with traditional auctions, including: Speed and
certainty of sale, transparency and zero risk of gazumping or double - selling
but with the added advantage of being able to bid pressure - free from the
comfort of your own home or office via desktop, tablet or mobile phone. Yopa
also offer a Buy - it - Now feature which allows you to place an offer and
purchase before the Auction end date.
If you _request a viewing_ of this property **_or make an offer_** , then you
agree that your personal information (name and contact details) will be shared
with goto Auctions (Yopa’s Online Auction partner) to enable them to ensure
that you understand the auction process.
To book a viewing visit Yopa.
This property is for sale by Online Auction which is a flexible and buyer
friendly method of purchase. The purchaser will not be exchanging contracts on
the fall of the virtual hammer but will be given 56 working days in which to
complete the transaction, from the date the Draft Contract are issued by the
seller’s solicitor. By giving a buyer time to exchange contracts on the
property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the
market. Fees paid to the Auctioneer may be considered as part of the
chargeable consideration for the property and be included in the calculation
for stamp duty liability. Further clarification on this must be sought from
your legal representative. The buyer will be required to sign a Reservation
form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation form and all terms and conditions can be found in
the Info Pack which can be downloaded for free from our website or requested
from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during
the auction, the buyer will be required to make payment of a non - refundable
Buyers Premium of £6600 including VAT plus an administration charge of £354
including VAT, a total of £6954. This secures the transaction and takes the
property off the market.
The Buyer’s Premium and administration charge are in addition to the final
negotiated selling price.
We have been informed that each property is currently achieving the below
income which was correct as of 1/1/2024
13a - £ 90. 00 per week = £ 4, 320. 00 total rent
13b –£90. 00 per week – £4, 140 total rent
13c – £95 per week –£3, 230 total rent
13d –£95 per week £3, 040 total rent
13e – £90 per week - £4, 140 total rent
Lease term - 199 years from 1 January 2008
Service charge - Please ask agent£62. 50 per month

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