2 Bedroom Block of Flats

A unique investment opportunity to purchase this block of four self-contained flats. The property itself has the
accommodation spread over three floors and consists of communal entrance hall and stairways with delayed
lighting, two flats have lounge/kitchen with a separate bedroom and shower room and two flats are of a bed-sit
style with separate shower room. We have been verbally advised that that flat 2 & 3 are let and receiving £350pcm each, we anticipate £375pcm each for 5 & 6. On these figures the accommodation alone could generate circa £1,450 per month and £17,400 per annum which equates to an 8% yield. (awaiting sight of tenancy agreements)

Two apartments and two bedsit style flats. Floor plan is attached but to fully appreciate what is on offer an internal viewing is highly recommended. Income return is circa £1,450 per month and £17,400 per annum which equates to an 8% yield.

Property details provided by Michael Poole
EPC rating: E, E, D and E
Council Tax band: All A
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com TAKING BIDS NOW OPTION 2

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by MP. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide 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. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Details awaiting vendors approval.