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1 bedroom apartment for sale
109 Northgate Point, Trafford Street, Chester, CH1 3HP
£40,000
109 Northgate Point, Trafford Street, Chester, CH1 3HP
£40,000
Our Summary
- Guide Price £40,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction on the 17th of December 2024
- Registration is now open, bidding opens on 17th of December at 17:30 17th of December at 18:50 Description ****ATTENTION INVESTORS APPROXIMATE 13% NET YIELD**** Conveniently located in Chester City Centre, this modern studio apartment is the perfect investment opportunity and could provide ample accommodation for students
- Council Tax Band - A £1,332 Tenure: Leasehold, 972 years remaining Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information
- To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated)
- Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
This modern studio apartment is a prime investment opportunity in Chester City Centre, offering a potential net yield of approximately 13%. The property is located on the 4th floor of Northgate Point, with an open-plan kitchen/living/bedroom area and a shower room. The apartment is conveniently situated near local amenities, including restaurants, shops, and public transportation links. The property is currently tenanted until September 2025, paying £189 per week, and is available for sale through unconditional online auction on December 17, 2024. The buyer will need to pay a 5% deposit and a 5%+VAT buyers premium, and contracts will be exchanged upon the fall of the hammer. The property is leasehold with approximately 972 years remaining on the lease, and the ground rent is £156 for 6 months.