8 and 8a Ladysmith Terrace, Grantham, Lincolnshire, NG31 8JG

  • Conditional Online Auction Sale
  • Guide Price* : £91,000 Plus fees

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Newton Fallowell


  • End Terrace Property
  • Converted into two apartments
  • Both Apartments currently let
  • Investment Opportunity
  • Approx yeild of 8% per annum
  • Off Road Parking

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On Behalf of Newton Fallowell

End Terrace Property

An end terrace house that has been converted to a form ground and first floor apartments and offered for sale as a single lot by the ON LINE AUCTION method. Both apartments are currently let on Assured Shorthold Tenancies. Each offers easily run one bed accommodation and there is off road parking to the rear off Pretoria Road. Good investment opportunity with current yield of approaching 8% per annum


(Referred to as 8 Ladysmith Terrace only in the register entries)


No 8 Accommodation


Porch


Living Room 13'1" x 13'1" (3.99m x 3.99m)

With uPVC double glazed bay window to the front elevation,
fitted gas fire and coving.


Inner Hall


Bedroom 10'9 x 10'6" (3.28m x 3.20m)

With uPVC double glazed window to the rear elevation and electric storage heater


Kitchen 8'7" x 6'11" (2.62m x 2.11m)

With uPVC double glazed window to the side elevation a range of base cupboards and work surfacing with stainless steel sink and drainer with mixer tap over, integrated oven and hob with cooker hood over, tiled splashbacks.


Lobby

With airing cupboard.


Bathroom 6'6" x 4'4" (1.98m x 1.32m)

With obscure uPVC double glazed window to the side elevation, panelled bath with electric shower over, pedestal wash handbasin and low level WC, chrome heated towel rail, tiling


No 8A Accommodation


Hall

With stairs to the first floor hallway.


Living Room 14'0" x 13'6" (4.27m x 4.11m)

With uPVC double glazed window to the front elevation, fitted gas fire, electric storage heater, coving and over stairs cupboard.


Bedroom 11'2" x 10'6" (3.40m x 3.20m)

With uPVC double glazed window to the rear elevation, electric storage heater


Kitchen 8'6" x 7'1" (2.59m x 2.16m)

With uPVC double glazed window to the side elevation, a range of base cupboards and work surfacing with stainless steel sink and drainer with mixer tap over, integrated oven and hob with cooker hood over, tiled splashbacks and electric storage heater.


Lobby

With airing cupboard and plumbing for washing machine.


Bathroom 6'6" x 4'5" (1.98m x 1.35m)

With obscure uPVC double glazed window to the side elevation, panelled bath, wash handbasin and low level WC, Dimplex electric fan heater.


Outside

There is a gravelled off road parking area for two vehicles, to the rear off Pretoria Road with a pedestrian right of access over this for other properties in Ladysmith Terrace


Tenure
See Legal Pack

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.


Viewing Details

By arrangement with the auctioneer 0345 319 2162.


Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our SDL Auctions website or in the legal pack.


Auction Type: Conditional with Reservation Fee

Every online bidder must first create an account via the SDL Auctions website, in the online auction section. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

By placing a bid, you are authorising the auctioneer to sign the reservation contract on your behalf.

Full terms and conditions are available on the SDL Auctions website.


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Newton Fallowell - Grantham

Legal Documents

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