47 - 48 Whitehead Street, Swindon, SN1 5JX
£650,000+
Investment
17
Key Features
- Substantial freehold residential investment property providing 17 self-contained flats
- Located in the centre of Swindon town centre a short walk from Morrisons
- Current reported income: £114,396 pa from 16 of 17 flats
Part of the
3 October 2019
auction
Nottingham Racecourse
at
2.30PM
Substantial freehold property consisting of 17 self contained flats; with 16 flats let and producing a combined rental income of £114,396 pa
- Substantial freehold residential investment property
- Consisting 17 self-contained flats
- Located in the centre of Swindon a short walk from Morrisons
- Occupying a large end of terrace corner plot
- Each flat has: bedroom, living area, kitchen and shower room
- Current reported income: £114,396 pa from 16 of 17 flats
- A mixture of working and council tenants
- Communal rear yard and bin store
- Each flat contains water, mains drains and electrics
- Schedule of works has not been provided by the council
- Property will require constant property management
- Ideal opportunity for investors
Next viewing date: Friday 27th September at 10.00am. Please arrive promptly for the viewing time.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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. Current reported rental income for 16 flats of £114,396 pa. One flat is vacant (at the time of going to print)
D
Email: robert.counsell@tltsolicitors.com
Telephone: 0333 006 0815