4 bedroom Block of Apartments in Burton upon Trent

Flats A - D, 29 High Street, Burton upon Trent, Staffordshire DE14 1JN
  • Lot No: 65
  • Property Type: Block of Apartments
  • Contract Type: Unconditional
Nicholas Humphreys

Guide Price* £145,000+ plus fees

Property Description

The apartments are offered part let at a combined rent of £12,540 with a potential income of £18,000 per annum once fully let, offering a potential return of 11% at the current guide price. The apartments are located over the first and second floors of number 29 High Street, a handsome three storey, red brick building. Situated close to a great range of bars, restaurants and shopping facilities. The property will be sold with the benefit of a brand new lease in place, details of which will be confirmed within the legal pack. Each flat comprises; Lounge, kitchen, bedroom (one flat has a bedroom with no window) and shower room. The Auctioneers have not inspected the property but believe it to comprise:

Ground Floor:

Reception hallway with stairs leading to the first floor.


Flat A

Lounge, Kitchen, Bedroom, Shower Room.


Flat B

Lounge, Kitchen, Bedroom, Shower Room.


Flat C

Lounge, Kitchen, Bedroom, Shower Room.


Flat D

Lounge, Kitchen, Bedroom, Shower Room


NOTE

The internal photos were taken approx 1 year ago.


Tenure

Leasehold


Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *Guide Prices and Reserve Prices Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.   Energy Performance Certificates EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.   Note Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.   Auction Fees The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.   The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.