Next auction Thursday 22nd February 2.30PM

Flats 1, 2 & 3, 41 West Road, Loftus, Saltburn-by-the-Sea, TS13 4RG



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Guide price

£125,000+


Property Type

Residential

Bedrooms

7


Key Features

  • Freehold block of 3 flats with 7 individual letting rooms
  • Situated in the heart of Loftus, a short walk from the towns amenities
  • Potential combined income when fully let circa £27,300 pa

Part of the 28 April 2022 auction
The Nottingham Racecourse at 2.30PM

Freehold block of three flats comprising 7 individual letting rooms in the heart of Loftus town centre

  • Freehold block of 3 self flats
  • Situated in the heart of Loftus
  • A short walk from all town centre amenities
  • Close to the Boulby ash mine providing large scale employment
  • 3 storey mid-terrace property
  • Communal entrance hall with maintenance room
  • 1 - GF - 2 self contained double bedrooms
  • 1 - GF - shared kitchen/diner, w/c and shower room
  • 1 - GF benefits from use of a small rear yard
  • 2 - FF - self contained 1 bed flat
  • 2 - FF - open plan bedroom/lounge, shower room & kitchen
  • 3 - FF - 2 x Self contained bedrooms
  • 3 - FF - communal kitchen/dinner
  • 3 - SF - hallway, 2 x self-contained bedrooms
  • 3 - SF - communal shower room
  • Property has been renovated to a good standard
  • 4 rooms currently let at a combined rent of £15,600 pa
  • Potential combined income when fully let circa £27,300 pa
  • Fully compliant and benefitting from hard wired fire system
  • Ideal opportunity for investors

Please contact Auction Estates on 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

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, would ordinarily 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.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to occupational tenancies Flat 1 (2 rooms) let at £7,800 pa Flat 2 (one room) let at £3,900 pa Flat 3 (4 rooms, 1 let) at £3,900 pa Combined income when fully let circa £27,300 pa

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Telephone: 01914821152

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