Freehold vacant apartment block comprising 9 apartments all in need of refurbishment.
The property in located within walking distance of Kidsgrove town centre where all the usual amenities are available. There is a bus stop immediately outside the property.
The block comprises 9 self-contained apartments accessed via a communal entrance and stairs. There are 6 x 2 Bed & 3 x 1 Bed Apartments
The Info. Pack includes a full schedule of photographs of each of the apartments.
There is no lift.
There is no on-site parking, however on-street parking as available. In addition, there is a bus stop at the front of the property. There are communal gardens to the front side and rear.
Each apartment is listed as Council Tax Band A
Each apartment has a current EPC rating of C.
The estimated Rental value once a full refurbishment has been carried out £50,400 per annum. Further information including comparable evidence is contained in the Info Pack.
Description
For Sale By Informal Tender: Tuesday 4th June 2024
Freehold Apartment Block Comprising 6 x 2 Bed & 3 x 1 Bed units
All in need of refurbishment. Potential Income: £50,400 per annum.
Services:
All mains services are individually connected to each apartment, with all meters located on a meter room on the ground floor. Each apartment benefits from a gas fired central heating system. The services have not been tested.
VAT.:
All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. As the current use of the land is wholly residential in nature, it is assumed that VAT will not be applicable. However, all interested parties should make their own enquiries to satisfy themselves with the VAT position.
Informal Tender:
The property is offered by way of an Informal Tender on 4th June 2024 and will be sold on Auction Terms. Please e-mail residential-land@bjbmail.com to receive the Info Pack and details of how to submit an offer.
Legal Pack.:
Purchasing a property on Auction Terms is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.
Looking for Residential Land?:
Please note that not all residential development land & projects will appear on our website. To ensure that you do not miss out on these opportunities please e-mail: residential-land@bjbmail.com or call the Land & New Homes team to discuss your requirements.
Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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