Under Offer
£20,000***FOR SALE VIA AUCTION*** ***EXCELLENT INVESTMENT OPPORTUNITY*** ***RESERVATION FEE APPLIES*** Presenting an outstanding investment opportunity, this property, being sold via auction, comes with a tenant in situ currently paying £400 per calendar month, offering a lucrative return for potential buyers. With a tenant already in place, investors can benefit from immediate rental income without the hassle of seeking new tenants. The property represents a very attractive investment proposition, providing a steady stream of income and promising long-term returns. Don't miss this chance to secure an excellent investment with a tenant already generating a healthy rental yield, making it an appealing choice for savvy investors looking to expand their portfolio.
Auctioneer CommentsThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buye
125 Newgate Street,
Bishop Auckland
DL14 7EN