Castlegate, Grantham Guide Price £695,000

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION. On behalf of Charles Dyson - Grantham Investment Property Fully Tenanted Investment Property Fully Tenanted comprising: Grade 2 Listed Town House 5 x Self Contained 1 Bedroom Apartments 2 x Self Contained 2 Bedrooms Apartments 1 x Self Contained 2 Bedroom Maisonette 1 x 1 Bedroom Detached Bungalow Car Parking Area Courtyard Garden This highly desirable investment comprising an 18th century listed grade II town house with many of its original features, five self contained 1 bedroom apartments, two 2 bedroomed apartments, one further 2 bedroom maisonette and a 1 bedroom detached bungalow all currently tenanted. There is also ample parking and courtyard garden. Auction Link: https://online.sdlauctions.co.uk/lot/details/29400

Tenure

The property is understood to be Freehold.

Legal Pack

The legal pack 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.

Guide Prices and Reserves

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.

Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/ This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents. After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers. In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. 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.

Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf. 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. We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. 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. Full terms and conditions are available on the SDL Auctions website: https://online.sdlauctions.co.uk/lot/details/29400

Joint Agents

Charles Dyson Estate Agents & SDL Auctions

Rent Schedule

Middlemore House - £475 pcm 2 Middlemore Yard (Bungalow) - £625 pcm 55 Castlegate - £360 pcm Apartment A - £350 pcm Apartment B - £360 pcm Apartment C - £430 pcm Apartment D - £385 pcm Apartment E - £380 pcm Apartment F - £385 pcm Apartment G - £430 pcm Parking £15 pcm per space All units are let on individual Assured Shorthold tenancies. Please Note: Middlemore House is let privately at a reduced rent and would typically rent for between £750 - £850 pcm.

VIRTUAL TOUR

Click the Link for a VIRTUAL TOUR