Block of Apartments in Burton-On-Trent

Flat 1 & 2, 157 High Street, Burton-On-Trent DE14 1JE
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Variable Fee

Guide Price* £100,000+ plus fees

Property Description

A fantastic opportunity to purchase two flats on Burton High Street amongst excellent amenities. The flats are both currently both let and produce a combined income of £12,900 per annum. Flat 1 - A studio apartment on the first floor comprising of entrance hallway, large lounge/kitchen/bedroom and family bathroom. This property is currently let on an Assured Shorthold Tenancy agreement at £525 per calendar month. Flat 2 - A large top floor, three bedroomed apartment comprising of stairs up to entrance hallway, large lounge, kitchen, three double bedrooms and a family bathroom. This property is currently let on an Assured Shorthold Tenancy agreement at £550 per calendar month. Each flat has scope to improve and increase rents in let on Assured Shorthold Tenancy agreements. There is even more scope for higher returns if they were to be set up as short term lets like other flats nearby. Situated in Burton-Upon-Trent town centre, this property offers easy access to a range of amenities including shops, restaurants and entertainment options.

Conservation Area

We have been made aware this property is in the Burton No. 2 and 3 Town Centre conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.


Leasehold Information

125 years from 15 March 2007. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.