Property description

For sale by auction on Wednesday, 25 May 2022 at 12:00

Venue: Live stream, www.AuctionHouse.Online

freehold investment opportunity comprising of A two bedroom end of terrace house with A separate annex producing A combined income of £1,450 pcm thus producing £17,400 per annum which would deliver A yield of 7.4% if purchased at guide.

A Freehold 2 bedroom end of terrace house with a separate annex producing a total of £1,450 per calendar month. The landlord confirms no arrears or late payments. (Annex not inspected internally by Auction House)

accommodation
Ground floor


Lounge: 12'7" x 10'1" (3.9m x 3.1m)

Kitchen: 12'7" x 10'1" (3.9m x 3.1m)
First floor


Bedroom 1: 13'1" x 10'4"(4.0m x 3.2m)

Bedroom 2: 13'1" x 10'1" (4.0m x 3.1m)

Bathroom: 9'5" x 6'2" (2.9m x 1.9m)

Annex (not inspected)

exterior
Built circa early 1900's of standard bricks and mortar with a traditional Flemish bond pattern brickwork with decorative red brick detail around the windows and doors. The property sits on a corner plot with public car parking on the opposite road, but benefits from private off road parking for two family cars

location
The property is within walking distance of the town centre and across the road from Strood train station . Strood is situated on the northwest bank of the River Medway, the town centre has a great range of shops, including well-known high street names that sit alongside many family-owned businesses giving Strood a reputation for quality,

viewing
Strictly by appointment with the Auctioneer Tel: EPC Rating: D

Additional Fees
Buyers Premium: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.