2 BED Terraced House For sale

Sheridan Street, Leicester

£125,000

2 1

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01789 387887

Property details

For Sale By Public Auction

An excellent opportunity to purchase this two-bedroom mid-terraced property, offering an ideal buy-to-let investment. A potential long-term full-market rental figure of £950-£1000 pcmx could be achieved with some redecoration throughout. This would produce a gross yield of around 9.6% (based on the guide price). The property went to market with a long-standing tenant in situ, however we have been informed the tenant will be vacating the property and have a projected vacate date of late November.

The property is located within the sought-after city suburb of Aylestone and is well served for The University of Leicester, local schooling, Leicester City Centre & the fashionable Queens Road shopping parade with its array of specialist boutiques, bars & bistros.

The characterful Victorian property opens into a spacious reception room with a feature fireplace and, a large front-facing window allowing plenty of natural light to come flooding in. The property then flows nicely into a second reception room with access to the kitchen at the back of the property, also with a door leading out onto an enclosed courtyard-style garden. Upstairs, the property comprises of two spacious bedrooms and a family bathroom.


Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 16th October at 6.00 pm
Hinckley Golf Club

Auction Terms



The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live, in-room auction and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.



Auction Deposit and Fees



The following deposits and non-refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Premium of £1320 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.



Guide Price & Reserve Price



The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).



Plans



Plans shown are for identification purposes only.



Services



It is understood that the property is connected to mains water, sewerage, gas and electricity, though these services have not been tested.



Directions



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Tenure and Possession



The property and land are freehold. The property is being sold with a long-standing tenant in situ on an AST basis. Please refer to the Legal Pack for further details.



Bidder Registration and Auction Legal Pack



If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid in person, online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.



Legal Documents & Additional Costs



It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.



Viewings



All viewings are by appointment only through the Auction Department.
Please contact us on 0116 308 7744 to arrange a viewing tour.




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