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Full details for 1 Bedroom Property For Sale in Chester

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Description

Guide Price £40,000 * Plus 5% Buyers Premium + VAT



For sale by unconditional online auction on the 17th of December 2024.



Registration is now open, bidding opens on 17th of December at 17:30 17th of December at 18:50




Description

****ATTENTION INVESTORS APPROXIMATE 13% NET YIELD****



Conveniently located in Chester City Centre, this modern studio apartment is the perfect investment opportunity and could provide ample accommodation for students.



Description - This 4th floor studio apartment residing in Northgate Point is the perfect property for first time investors or those looking to expand their current portfolio. The apartment has an open plan kitchen/living/bedroom area and a shower room.



Location - A popular location complete with various local facilities including restaurants, public houses, coffee shops and convenience stores, as well as being within easy reach of fast and efficient mainline railway services from the Chester General Railway Station and convenient for the comprehensive array of amenities within and around the Chester city centre. The thriving heart of Hoole is also within walking distance of the property. Excellent connections are within driving distance to the wider north west road communications network via junctions with the A55 expressway and M53 motorway.



Accommodation

Living / Bedroom Area - With a radiator and window to the rear elevation



Kitchen Area - The kitchen is fitted with wood effect wall, base and drawer units, integrated appliances include a fridge freezer and an oven. Work surface space houses a stainless steel sink unit with mixer tap and an electric two ring hob with an extractor hood over.



Bathroom - Fitted with a three piece white suite comprising a low level WC, a wash hand basin with mixer tap and a shower enclosure.



PLEASE NOTE THE AUCTIONEERS HAVE BEEN PROVIDED WITH THE INFORMATION BELOW- BUYERS ARE ADVISED TO CONFIRM VIA LEGAL PACK.



Tenure - PLEASE NOTE: a tenant will be residing at the property for a period of 51 weeks paying a rental of £189pw from September 2024 - September 2025.

Tenure: Leasehold, Approx 972 years remaining

Service charges approximately £126 per month.

Ground Rent is £156 for 6 months.

Council Tax Band - A £1,332

Tenure: Leasehold, 972 years remaining





Legal Pack

A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.



Auction Information.

To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.



UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).



Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.



Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.



Material Information

Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
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