A well-presented one bedroom top floor flat, situated in a convenient location on Harden Road in Stockwood. We understand that the property is currently let producing £8,268 per annum making this a fantastic high-yielding investment. An ideal opportunity for Buy-To-Let investors looking for a high income rental property.

For Sale By Auction - This property is due to feature in our online auction on 4th May 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewing - Strictly by appointment only

Summary - WELL-PRESENTED ONE BEDROOM FLAT - LET AT £8,268 PER ANNUM

Description - A modern well-presented one bedroom flat, situated on the second floor of a mixed-use building in the centre of Stockwood.
We understand that the property is currently let on a periodic tenancy producing £8,268 per annum. The flat is held on a leasehold title with approximately 87 years remaining and a ground rent of £50 per annum is payable to the freeholder. Please refer to the legal pack for further details.

Location - The property is situated in the centre of Stockwood on the top floor of a mixed-use commercial property and is located in the immediate vicinity of local amenities and transport links.

Accommodation - Please refer to floorplan for approximate room measurements and internal layout.

Top Floor Flat - Comprising a kitchen, lounge/diner, double bedroom and bathroom

Energy Performance Certificate - Rating: F

Buyer's Premium - Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.

*Guide Price - Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.

This property is no longer available

Floorplans

1 bedroom flat for sale