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Studio, in Northgate Street, £225,000
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0 bed terraced house

Northgate Street, Devizes SN10
Auction
£225,000

Our Summary

  • For Sale by Online Auction
  • Currently part let with potential income of about £36,000 per annum
  • Some modernisation required
  • Potential to increase rents for both flats
  • pillFor further information please go to our auction site
  • You will be asked to read and accept our Online Auction Terms and Conditions
  • When the auction opens at 8am the day of the auction, you will be able to place bids in line with the pre-determined bid increment levels, using the bid increase (+) and decrease (-) buttons provided
  • Legal PackYou can download or pre-register for the legal packs via our website by using the ‘Menu’ at the top of the page and selecting ‘Auctions’, then ‘Current Auction’
  • They are not necessarily figures which a property will sell for and may change at any time prior to the auction
  • Virtually every property will be offered subject to a Reserve (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
  • + FeesIf you are the successful bidder, Strakers will sign the auction contract on your behalf and you will pay the 10% deposit plus a buyers fee of £600 including VAT on any Lots purchased at or below £49,999 or £1,200 including VAT on any lots purchased at £50,000 or above

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Description

The property is a Grade II listed mixed-use investment in the town centre of Devizes. It includes a double-fronted shop with approximately 46.4m² of internal floor area, access to cellars, and a usable attic. The shop and two rear flats are situated above the shop.

The two 2-bedroom flats are let on Assured Shorthold Tenancies with a rental income of £19,200pa. The property also has a communal yard and parking for multiple cars.