Buyers Premium £5,000+VAT
FOR SALE BY MODERN METHOD OF AUCTION STARTING PRICE £40.000+buyers premium.
This spacious 2 bedroom ground floor flat which would be an ideal opportunity for investment. previously let at £450pcm with a gross rental yield of circa 12%.
It should be noted that this property has a remaining term on the lease of 50 years. Following purchase it is highly advisable to renegotiate a lease extension. We can provide further advice on this if necessary.
Located on the popular Moorside development being within close proximity of an excellent range of local amenities to include: Morrison's Supermarket, Aldi Super Store, Doxford International Business Park, local shops, highly rated schools and the A19/A690 regional road network.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This buy it now is now closed.
Connecting to server...
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.