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Our Summary
- One Bedroom Apartment with Tenant in Situ on AST Agreement - Turn Key Investment Property Guide Price £50,000 * Buyers Premium Applies For sale by unconditional online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- uk Town & Country Property Auctions are delighted to offer For Sale by Public Auction this one bedroom apartment which was refurbished in 2022 by the current owner and is currently let on a rolling AST agreement
- The property is sold as seen would be an ideal investment property with scope to increase the rent to market rate
- The property will be entered into our 28th November 2024 auction which is held online and starts at 10am
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Description
A one-bedroom apartment is being sold through unconditional online auction, with a guide price of £50,000 and a buyer's premium applying. The property was refurbished in 2022 and is currently let on a rolling AST agreement, with a rental value of £598 per month. The apartment features a lounge/diner, on-street parking, and is sold as seen.
The lease has 57 years remaining, with an annual ground rent of £20. The property is being sold with a 28-day completion and requires a £5,000 or 5% deposit, plus a 5%+VAT buyer's premium. The seller may consider pre-auction offers, which would require two forms of ID and would be subject to the same auction conditions.