For Sale £100,000 PCM
New Street, Rugby

EPC For New Street, Rugby

Description


Miltons Estate Agents are delighted to offer for sale this investment opportunity.
For sale by unconditional online auction in partnership with SDL Auctions
For more information and the auction Terms & Conditions visit https://www.sdlauctions.co.uk/property-auctions/online/

The property is offer for sale via an online auction basis with a guide price of £100,000. The viewings are conducted on an open house basis please call to register 01604 936000.
Auction Date To Be confirmed

The terraced property was bought by the current owners approximately 46 years ago already divided into two flats with their own access. It is reluctantly offered for sale due to retirement.

Both flats are in need of refurbishment throughout to include an upgrade on the electric storage heating, please note both flats are all electric no gas and double glazed where stated.
In our opinion should the property be upgraded and improved depending on the standard of the improvements the flats could individually achieve around £500 per calendar month or more.

Ground floor flat
Accessed via the front elevation and is laid out with the living room to the front incorporating the bay window. The room to the rear of this was used as the bedroom.
The kitchen is off the hall and the bathroom is situated to the rear of the property and fitted with a shower over the bath. Also in the bathroom is a hot water tank fitted with an immersion heater.
The flat is heated with storage heaters that will need replacing to meet current legislations. All the windows are double glazed and the owners have just had a new double glazed door fitted giving direct access to the shared rear garden.

First floor flat
Currently tenanted and is to be sold with the tenant in situ. The rent is up to date and no arrears.

Accessed from a door in the shared walkway the stairs lead up to a landing where all the rooms lead off.

To the front is the living room the tenant prefers to use as his bedroom the middle room is the bedroom with a built in cupboard over the stairs and a view of the rear garden. The bathroom is off the hallway fitted with a white bath toilet and washbasin this has an electric shower over the bath, the hallway opens onto the kitchen and this has a view of the rear garden.

The heating is storage heaters requiring upgrading to meet the new legislation and the windows are all double glazed. The hot water tank is situated in the kitchen.

Outside
The passage between the properties is shared with the neighbor giving access to the gates to both gardens. The council provide sulo bins for both flats and they are stored to the rear of the property. The garden is jointly shared with the tenant on the first floor and the empty flat below.

Please note the next door neighbours have planning permission to build a similar house in the gap between this property and theirs which would make this property a terraced house not end of terrace which it is currently.

For sale by unconditional online auction in partnership with SDL Auctions
For more information and the auction Terms & Conditions visit https://www.sdlauctions.co.uk/property-auctions/online/


Disclaimer
Key Home Residential Sales and Lettings Limited incorporating Miltons Estate Agents are related to the owners of this property.

Tenure
See Legal Pack
Conditions of Sale
The Conditions of Sale will be available online at least seven days prior to sale ending 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 end of the auction.

*Start Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

Viewing Details
By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions

Energy Performance Certificates
EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.

Unconditional Online Auction Procedure
Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If the reserve is met or exceeded when the auction timer ends, the successful bidder is charged a 5% deposit (subject to a minimum fee of £5000) and exchange takes place. At this point, you will be legally obliged to buy the property for the full purchase price. The deposit contributes towards the purchase price.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

Therefore we will automatically charge you a minimum fee of £11,000, (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee and deposit. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing the bid, you are authorising the auctioneer to sign the auction contract on your behalf.



Miltons Estate Agents are delighted to offer for sale this investment property converted into two separate flats. For sale by unconditional online auction in partnership with SDL Auctions

For further details on this property please give our office a call
01604 712200

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