>
2 bedroom flat for sale
Block Freehold plus Flat 1 & 2, 115 Doncaster Road, Goldthorpe, Barnsley, South Yorkshire S63 9JA
£40,000
Block Freehold plus Flat 1 & 2, 115 Doncaster Road, Goldthorpe, Barnsley, South Yorkshire S63 9JA
£40,000
Our Summary
- Auction Commencing on Monday 24th November at 1pm and ending 24 hours later on Tuesday 25th November at 1pm with Auction House South Yorkshire Please register to bid via our website - auctionhouse
- FREEHOLD COMES WITH COURTYARD LAND WITH PRTNEITAL FOR DEVELOPMENT *internal pics pending
- An excellent investment opportunity to purchase the freehold title of this end terraced property and TWO one bedroom apartments
- The freehold comes with associated land and courtyard offering excellent development potential
- Flat 1 is currently vacant and is in need of remedial work to get to a lettable standard Flat 2 is tenanted and generating regular rental income currently at £425pcm Both flats present excellent buy-to-let potential, with scope to increase the rent to £450 per calendar month each, giving a combined rental income of £900 per month
Description
This investment opportunity presents a block freehold property and two one-bedroom flats in Goldthorpe, with the freehold title including associated land and courtyard offering potential for development. The two flats, currently generating a combined rental income of £10,000 per annum, are in need of some remedial work to reach a lettable standard. The property is situated in an area with strong rental demand and excellent transport links, making it an ideal location for commuters. The freehold comes with a courtyard, which has potential for development, and the property is being sold with an administration fee of £3600 inc VAT payable on exchange of contracts, and any disbursements listed in the legal pack.