Description

A huge opportunity for an investor or Landlord has arisen to purchase 11 luxury apartments built within this individual block that is located within such a popular area. All apartments have been built to a high specification to include a range of modern fixtures and fittings with delightful kitchen and bathrooms suites all done to a high standard with electric heating with solar panels, Juliet style balconies to the front and outside balconies to the rear. The ground floor apartments have some outside space with secure metal entrance gate to the side with key code entry. The block comprises of five one double bedroom apartments, six spacious two bedroom apartments with one being the large top floor penthouse apartment. These are over four floors and located within a popular area that has the advantage of the Super tram system running directly outside and is within walking distance to local shops, supermarkets, Hospitals and Universities. Sheffield city centre is again within a short distance as well as Kelham Island that has been re generated over the last few years with a huge amount of modern bars and fashionable restaurants. Rarely does an opportunity become available to purchase such an investment that produces a healthy rental return. The property is being offered by way of modern auction and all inspections and further enquires are through the selling agents Blundells. Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you