For sale by Unconditional Online Auction.
An excellent investment opportunity of Five, tenanted properties in the North East.

An excellent investment opportunity of Five, tenanted properties in the North East. Each property is fully tenanted and sold with a combined income of £58,200 per annum representing a yield of 16.17% against guide price.

Each property is situated in a well serviced, residential area with all necessary amenities nearby. All properties have been recently refurbished to provide a hands off investment opportunity.

9 Duke Street, TS6 6JX - £1,100 pcm

This property has been stripped back to brick and had the below works - All walls tanked and damp proofed, full insulation installed, new kitchen/diner, new windows and doors, modern electric heating system, full rewire with EICR, new roof with solar panal system, licenced HMO let to students.

28 Harrow Street, TS25 5SE - £925 pcm

This property has had the below works - Fully retrofitted, new electric heating system, fully rewired with EICR certificate and luxury lighting, solar system, new kitchen and bathrooms, new windows, licenced HMO on 3 year lease to Narco.

10 Keswick Street, TS26 9AY - £925 pcm

This property has had the below works - Fully retrofitted. electric heating system, new bathroom, basement converted to a kitchen and dining area, new windows, solar system, fully rewired with EICR certificate, licenced HMO let on a 12 month AST agreement.

88 Sheriff Street, TS26 8ET - £1000 pcm

This property has had the below works - fully retrofitted, electric heating system, fully tiled bathroom, new kitchen, fully rewired with EICR certificate, new windows, solar panels, licenced HMO let on a 3 year lease with Narco.


16 Twelfth Street, SR8 4QH - £1000 pcm

This property has had the below works - fully retrofitted, electric heating system, new kitchen and bathroom, fully rewired with EICR certificate, new windows, let on a 3 year lease with Narco.

Additional Information: Construction Material: Standard Brick. Heating: Rooms Heaters, Electric. Broadband Coverage: Standard and Ultrafast are available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.

Tenure: Freehold

EPC Rating: C E C D D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers 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.