114 Albert Street

Ref: Lot 3

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Registration Guide

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Town & Country Property Auctions London
Town & Country Property Auctions London

Unconditional Lot


UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.

Description

Town & Country Property Auctions are pleased to present this fantastic 3 bedroom mid terrace, turn key investment opportunity located in lovely seaside location of Millom, Cumbria.
The property can be bought with the benefit of a guaranteed rental agreement providing £1,300 rental income pcm or £15,600 per annum. This is a 17.3% yield of our guide price of £90,000. Equally the property can be bought with vacant possession should a buyer prefer this. Accommodation briefly comprises: three bedrooms, two reception rooms, kitchen and bathroom internally, and a rear garden.
The property is located a short drive from the Lake District National Park, has the benefit of coastal living and is close to local amenities.
Please see the legal pack for further information.

EPC

D

Tenure

Freehold

For sale by online auction on 17 December 2024
Bidding opens at 10:00am and closes from 12:00 noon
Three Bedrooms
17.3% yield of Guide Price
Mid Terrace
Seaside location
Ideal Investment

Buyers Premium

Plus Fees

Disclaimers

Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.

Bidding Security Deposit:
In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process.
A ‘hold’ is placed on this amount.
If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase.
If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society.
Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful.

Council Tax Band

A


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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