Parklands, Leak Road, Bucknall, Stoke on Trent, ST1 6AT
£12,500+
18
Key Features
- Freehold Ground Rents secured against 18 flats
- Producing a total of £1,780 per annum
- Located in Bucknall Village which is situated 3 miles from Stoke on Trent City Centre
Part of the
25 April 2024
auction
The Nottingham Racecourse
at
2.30PM
Freehold Ground Rents secured against 18 flats located in Bucknall Village which is situated 3 miles from Stoke on Trent City Centre
- Freehold Ground Rents secured against 18 flats
- Comprising 2 blocks of modern purpose built flats
- Ample parking and circulation space to the rear
- Bucknall is an attractive suburb of Stoke on Trent
- Backs onto Bucknall Park & Tennis Courts
- Excellent transport links to City Centre and surrounding areas
- Good connections to the M6
- Proximity to new roadside retail/ supermarkets
- Lease Terms for all 18 flats: 999 Years ranging from 1999 to 2002
- Producing a combined total Ground Rent of £1,782 pa
- Ground Rents per flat £99 pa
- An ideal long term strategic investment
- Ideal opportunity for speculative investors
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 Ground Rents secured against 18 flats producing an income of £1,782 pa. 18 flats pm various Long Leases (Refer to Legal Pack)
Refer to Legal Pack