FOR SALE BY UNCONDITIONAL ONLINE AUCTION
On Behalf of SDL Auctions
Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions
This second floor studio is an IDEAL INVESTMENT PROPERTY and has been rented out for the past seven years. Currently the property is let on a six monthly AST due to expire on the 26th March 2019 and at a current rental figure of £395. With some modernisation this property has the potential to achieve rental figures of up to £495 pcm.
It would also make a great FIRST TIME BUYERS property. Please Note: For vacant possession two months notice will need to be served on the tenant.
IDEALLY LOCATED within a stone's throw of Ilkley TRAIN STATION with regular trains to Leeds, York and beyond. Close by are local shops, supermarkets, restaurants and bus routes to Harrogate, Nidderdale and farther afield. Other benefits include SUPERB VIEWS out of the living area and kitchen windows over Ilkley Moor and plenty of on street parking with no restrictions. Heating is gas and electric.
Briefly the property comprises of: living/bedroom area with fitted wardrobe and pull down bed (three windows create lots of light), spacious kitchen with washing machine, gas hob, oven and fridge freezer and shower room accessed from the kitchen. There is plenty of scope to modernise the property and to increase the RENTAL YIELD.
Unique reference code - #LCSJ
See Legal Pack
Conditions of Sale
The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.
*Start Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
By arrangement with Keller Williams.
Energy Performance Certificates
EPCs can be viewed in full on the SDL website www.sdlauctions.co.uk or in the legal pack.
Unconditional Online Auction Procedure
Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.
Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.
If the reserve is met or exceeded when the auction timer ends, the successful bidder is charged a 5% deposit (subject to a minimum fee of £5000) and exchange takes place. At this point, you will be legally obliged to buy the property for the full purchase price. The deposit contributes towards the purchase price.
The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT or 4.2% Inc VAT in London, subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.
Therefore we will automatically charge you a minimum fee of £11,000, (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee and deposit. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.
By placing the bid, you are authorising the auctioneer to sign the auction contract on your behalf.