Bartons Sales & Lettings
51-53 Moorgate Street
Rotherham
South Yorkshire
S60 2EY
01709 515740
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VIEW, BID AND BUY! For sale by conditional auction- Starting Bid plus Reservation Fee- Terms and Conditions Apply (See Auctioneer Comments for further information)
PREMIUM INVESTMENT OPPORTUNITY
An exceptional semi detached property that has been expertly converted into five self-contained flats, offering modern and comfortable accommodation throughout.
The building comprises a mix of One, Two Bedroom and Studio Flats, each benefiting from fitted Kitchens with ovens and individual Bathrooms with modern Shower suites. The property is arranged over 3 multiple residential levels, with an additional basement housing the shared boiler and individual fuse boxes for each flat.
The property is currently 85% let to reliable, working tenants on AST periodic agreements and generates a gross annual income of £34,200, providing an attractive yield of approximately 10%. Tenants are responsible for their individual council tax, while the landlord covers the gas, electricity, and water bills.
A recent Fire Risk Assessment has identified areas where improvements are required to bring the building fully in line with current regulations. These requirements have been reflected in the competitive starting bid, and the full Fire Risk Assessment is available for prospective purchasers to review upon request.
Viewings are strictly by appointment only.***
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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