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Lodge Court, Telford TF2 Residential development for sale
Lodge Court, Telford TF2
£950,000
Lodge Court, Telford TF2
£950,000
Our Summary
- For sale via unconditional auction with a GUIDE PRICE of £950,000 We also have a client prepared to sign a 5 year rental contract with returns of £850 PCM on each house once they have been renovated to rent
- Please copy and paste the above link into your browser to see the auction listing and register to bid
- 7 of the 8 houses will require refurbishment
- Auction
- Auction DetailsThe sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and FeesThe following deposits and non- refundable auctioneers fees apply:• 5% deposit (subject to a minimum of £5,000)• Buyers Fee of 4
- Additional InformationFor full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- For Sale Via Auction
- In Need of Renovation
Description
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Here is a summary of the property description in a single paragraph:
This is a rare opportunity to purchase a lot of 8 houses in Lodge Court, Donnington, being sold via unconditional auction with a guide price of £950,000. The properties, constructed circa 20 years ago, are on individual titles with a separate title for the main drive and parking area. While one property is ready for immediate re-let, 7 of the 8 houses require refurbishment. An assisted living company has offered a 5-year deal to take all 8 houses at a rent of £850 PCM, subject to renovation to rental specification. The property is being sold with the assistance of SDL Auctions (Eddisons) and is an excellent opportunity for investors or developers looking to create an assisted living development.