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

  • Conditional Online Auction Sale
  • Guide Price * : £88,000 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

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide 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.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. 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.


Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and 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 sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

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.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent



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Sold prior subject to contract for £95,500

This auction lot is now closed.

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Joint Agent

For viewings please contact:
Newton Fallowell Grantham
01476591900
gavin.baker@newtonfallowell.co.uk

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