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Spring Meadow, Telford TF7 1 bed apartment for sale
Spring Meadow, Telford TF7
£27,000
Spring Meadow, Telford TF7
£27,000
Our Summary
- Guide Price £27,000 * Plus 5% Buyers Premium + VAT* Plus 5% Buyers Premium + VATFor 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 EXCELLENT INVESTMENT OPPORTUNITY TO ACQUIRE THE FREEHOLD OF TWO APARTMENTS AND FIVE GARAGESWe are pleased to offer to the market by online public auction an excellent opportunity for a cash purchaser to acquire the freehold title to two apartments and five garages
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are ConsideredThe 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
For sale by online auction, this property offers an excellent investment opportunity to acquire the freehold title to two apartments and five garages in Sutton Hill, Shropshire. The garages are currently let at £40 per unit per month, while the ground rent on the apartments is £33 per flat per month, providing an annual return of £3,192 and a yield of 10.6%. The property is being sold unconditionally, with the buyer required to pay a 5% deposit and a 5%+VAT buyer's premium, subject to a minimum of £5,000+VAT. The auction conditions require a full legal completion 28 days following the auction, and the seller may consider pre-auction offers prior to the auction date. This is a unique opportunity for a cash purchaser to acquire a stable and lucrative investment property.