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5 bed End of Terrace property

Sold subject to contract (SSTC)

For Sale

Listed Jul 8, 2025

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£225,000

Sold subject to contract (SSTC)

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Description

"FOR SALE BY PUBLIC AUCTION The auction will take place online on 29th April 2025 at 04 06 PM with registration through our website.

Three storey investment property in popular area arranged as three apartments with a large rear yard accessed via a private lane access. Income of £27,000pa representing an Initial gross yield of 12%.

Description
Three storey investment property in popular area arranged as three apartments with a large rear yard accessed via a private access from Railway Street.

The property itself is in reasonable order but would benefit from decorative improvement throughout. The building itself is arranged as 2 x two bedroom apartments and 1 x one bedroom apartments, there is also a full height basement with direct access to the rear yard.

We are informed that the current rental income is £2250pcm £27,000pa however there is room for rental improvement here in our opinion subject to some improvement works. In any case this rental income represents an Initial gross yield of 12% at this level but please examine the legal pack when available for confirmation and detail of all tenancy agreements.

To the rear of the building is a large rear yard which couple have further development potential subject to any necessary consents and benefits from a secure private lane access from Railway street.

N.B. Further internal photos and details will be added in the coming days.

Accommodation
LGF Full height basement.
GF Communal hall. Hall, Kitchen living area, two bedrooms, shower room
FF Hall, Kitchen living area, one bedroom, shower room
SF Hall, Kitchen living area, two bedrooms, shower room
OS Large rear yard with private access lane.

Informed Freehold please refer to legal pack for verification of tenure

Additional Fees
Buyer s Premium 1.2% with a minimum of 1,200.00 inc of VAT payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within or 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Further Information
Auctioneers Office, Seel and Co

Viewing
Viewing by appointment with Seel and Co"