Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £150,000

Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.

Presenting a lucrative investment opportunity, this block of flats comprises a well-maintained property housing one bedsit and three flats. The accommodation consists of a bedsit with an en-suite bathroom, offering convenient living arrangements. Flat 2 showcases a generous lounge/dining area, a well-appointed kitchen, a bathroom, and a spacious bedroom. Additionally, Flat 3 features an integrated kitchen/living area, a comfortable bedroom, and a bathroom. The final flat, Flat 4, comprises a large, inviting lounge, a functional kitchen, a bedroom, and a bathroom, ideal for modern living.

Ensuring compliance and peace of mind, all gas and electrical certificates are up to date. Moreover, the entire property presents a fully tenanted arrangement, offering guaranteed rental income, as it is being sold with all tenants in situ. This turnkey investment opportunity eliminates the need for time-consuming tenant searches, making it a hassle-free option for prospective investors.

Situated in a convenient location, this property provides easy access to essential amenities, transportation links, and local attractions, enhancing its appeal to potential tenants. The varied layouts of the apartments cater to different lifestyle preferences, ensuring a versatile rental appeal. Whether it's the self-contained bedsit or the larger, more elaborate flats, each unit offers comfortable living spaces suitable for a range of tenants.

This property stands as an attractive option for those seeking to expand their property investment portfolio or secure a reliable source of rental income. With the convenience of having all units currently occupied, this property promises an immediate return on investment. The well-conceived layout of the apartments, along with the up-to-date certifications and tenancy agreements in place, make this block of apartments a compelling choice for discerning investors looking for a seamless and profitable venture.

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.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

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 £7,200 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

Entrance Vestibule 4' 3" x 6' 10" (1.30m x 2.09m)

Communal Hallway 6' 4" x 21' 7" (1.93m x 6.57m)

Flat 1/Bedsit 14' 6" x 16' 4" (4.43m x 4.98m)

Flat 1/Bedsit Bathroom 3' 9" x 2' 4" (1.14m x 0.70m)

Flat 2 Lounge/Diner 9' 11" x 15' 0" (3.03m x 4.57m)

Flat 2 Hallway 7' 5" x 3' 3" (2.27m x 1.00m)

Flat 2 Kitchen 7' 5" x 8' 4" (2.27m x 2.54m)

Flat 2 Bathroom 4' 11" x 15' 2" (1.50m x 4.62m)

Flat 2 Bedroom 13' 5" x 12' 8" (4.08m x 3.86m)

Communal Landing

Flat 3 Hallway 2' 11" x 11' 2" (0.90m x 3.40m)

Flat 3 Bathroom 8' 6" x 6' 1" (2.60m x 1.85m)

Flat 3 Bedroom 11' 8" x 8' 0" (3.56m x 2.44m)

Flat 3 Kitchen/Living Area 15' 0" x 9' 11" (4.58m x 3.02m)

Flat 4 Hallway 5' 0" x 11' 1" (1.53m x 3.37m)

Flat 4 Bedroom 9' 5" x 11' 4" (2.86m x 3.46m)

Flat 4 Bathroom 3' 5" x 6' 6" (1.04m x 1.99m)

Flat 4 Kitchen 8' 8" x 7' 10" (2.63m x 2.39m)

Flat 4 Lounge 14' 8" x 13' 7" (4.47m x 4.13m)