DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £45,000 plus reservation fee.
Calling all investors DDM Residential are proud to market via the modern method of Auction a fantastic property.
Briefly comprising of a shop in a popular and well established area with remote electric roller shutter doors, storage room, office, kitchen and w.c.
A first floor apartment comprising of lounge, kitchen, two bedrooms and bathroom and potential for a third bedroom. Second flat to the rear.
Offered with no onward chain complications, making viewings highly recommended.
NOTE- The current vendor informs us that he achieves a weekly rental yield of £75.00 a week on the rear flat which is currently tenanted The vendor also informs us he previously used to rent the shop for £75.00 a week and the first floor flat at £90.00 per week. Please ask the office for further details.
This property is for sale by DDM Property Auction powered by iam-sold Ltd.
AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT (£6,000 including VAT) which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by DDM Property Auction powered by iam-sold Ltd.
TO VIEW OR MAKE A BID ? Contact DDM Residential on 01472 358671 or visit: www.northlincolnshirepropertyauction.co.uk
ENTRANCE 21'11" x 14'2" (6.68m x 4.32m). Timber glazed door and two windows to both sides, electric roller shutter door, leading to main reception one, neutrally decorated and carpeted, high level plug sockets and doors leading to store room, kitchen and onto w.c, office and cupboard.
STORE ROOM 14'4" x 13'1" (4.37m x 3.99m). With uPVC window to the rear elevation, internal shutters, high level plug sockets and panelled radiator, neutrally decorated and carpeted.
OFFICE 6'5" x 6'1" (1.96m x 1.85m). Carpeted, base units and work surface.
KITCHEN 9'9" x 5'6" (2.97m x 1.68m). With base units and stainless steel sink and drainer, two shelves and door to w.c.
W.C 2'6" x 8'8" (0.76m x 2.64m). Neutrally decorated and w.c.
ACCESS Is via timber glazed door into:
ENTRANCE HALL Stairs leading to the first floor and wall mounted radiator, onwards to lounge, two bedrooms, bathroom and kitchen.
LOUNGE 17'6" x 14'1" (5.33m x 4.3m). With two uPVC windows to the front elevation, laminate flooring, wall mounted radiator and tastefully decorated.
BEDROOM ONE 13'3" x 11'7" (4.04m x 3.53m). With uPVC window to the rear elevation, loft access and wall mounted radiator.
KITCHEN 9'8" x 10'1" (2.95m x 3.07m). With uPVC window to the side elevation, range of wall and base units, complimentary roll over work surface, stainless steel one and half bowl sink and drainer with mixer tap, four ring electric hob and oven/grill under, space and plumbing for washing machine and benefits from wall mounted radiator.
BATHROOM 8'3" x 6'5" (2.51m x 1.96m). Comprises of bath with mixer tap and shower attachment, low flush w.c, pedestal hand wash basin with mixer tap, chrome heated hand towel rail, uPVC obscure glazed window to the side elevation.
BEDROOM TWO With uPVC window to the side and rear elevation, wall mounted radiator, laminate flooring and obscured uPVC door to the side elevation leading to fire escape.
PLEASE NOTE There is potential for a third bedroom.
FLAT TWO Unable to gain access at this moment in time, but the flat briefly comprises of lounge, one bedroom, kitchen and bathroom. Situated to the rear of the property.