For Sale by Public Auction on Tuesday 9th May 2023 at 6.30pm at the DoubleTree by Hilton Stoke on Trent, Etruria Hall Festival Way, Stoke-on-Trent ST1 5BQ. A pre-let one bedroom first floor apartment with a garden and parking, close to Royal Stoke University Hospital.

Offering an excellent opportunity for any landlords or investors to purchase a pre-let investment, currently achieving £440pcm (£5280 PA - a 10.56% annual yield at the guide price). The property will be sold with the current tenant in-situ.

Accessed via a private entrance hall and stairs, this first floor apartment features an open plan living/kitchen area, with a well proportioned double bedroom and a bathroom completing the accommodation internally. Outside, there is an allocated parking space and a lawned garden.

Please Note - this property is leasehold with a term of 59 years remaining. A service charge of £104.85 per month is payable, with a peppercorn ground rent charge. For the further details, please check out the legal pack for the property.

Situated in Penkhull near to Royal Stoke University Hospital, the apartment is well positioned for the wealth of amenities within Newcastle-under-Lyme town centre, as well commuting links such as the A34, A500 and M6.

An excellent turn-key buy to let opportunity in a fantastic location! Please contact butters john bee to arrange your viewing.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee
A buyer’s administration fee of £1000+VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date

Legal Pack
Purchasing a property at auction 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

Viewings
To view this lot, please contact the selling office

Bidding
Please contact our auction department direct on 0800 090 2200 for further information or email auction@bjbmail.com. Further details are available in the catalogue -https://www.buttersjohnbee.com/auctions/auction-catalogues

Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Reserve
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction

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.