£105,000 Offers in Excess Of
Cranbourne Terrace, Flats 1-5, Stockton-On-Tees TS18 3PX
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- 5 Self Contained Apartments
- Substantial Plot
- Close to Excellent Local Amenities
- Close to Excellent Local Shops
- Close to Excellent Local Transport Links
- Close to Local Park
- Close to Local Schools
- Excellent Commuter Links
ATTENTION INVESTORS!! We are delighted to bring you this substantial property which comes with the benefit of 3 tenants currently in situ. With yields well above 18% this represents an attractive proposition to budding or experienced Investors.
Please note this property is up for sale through Modern Method of Auction, see Auctioneer comments for further details.
The plot comprises of 5 self contained apartments with 3 currently rented out to Tenants looking to remain on a long term basis. The Freehold property also benefits from private rear Garden space as well as downstairs Cellar. SPACIOUS HALLWAYS, uPVC DOUBLE GLAZED WINDOWS & GAS CENTRAL HEATING ARE STAPLES THROUGHOUT THE PROPERTY.
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
The Area: Cranbourne Terrace in Stockton-On-Tees is in the North East region of England. The postcode is within the Ropner ward/electoral division, which is in the constituency of Stockton South. Situated just off Yarm Road the property has easy access links to A19 and A66 Motorways as well as being conveniently located next to garages, shops, hairdressers, nurseries and much more. Ropner Park is a short 3 minutes walk away containing cafe, lake and plenty of open green spaces.
MONEY LAUNDERING REGULATIONS: Prospective purchasers will be asked to supply identification documentation throughout the buying process and we would ask for your co-operation so that there will be no delay in agreeing the sale.
This property includes:
- 01 - Room 1
You enter the property into a large communal space with Apartment 1 to the left. This contains Living Room space, Bedroom & Kitchen. This Apartment also benefits from shower cubicle, wall mounted Kitchen units and large uPVC windows.
- 02 - Room 2
Apartment 2 sits to the rear with easy access to external courtyard space. Also containing Living Room space, Bedroom & small Kitchen. This Apartment also benefits from shower cubicle, wall mounted Kitchen units and large uPVC windows.
- 03 - Room 3
The first floor consists of standalone Apartment 3. The smallest of the 5 spaces this contains Living Room with mounted units, single Bedroom & adjoining Bathroom.
- 04 - Room 4
Room 4 contains large Living Room space, Double Bedroom and spacious Kitchen.
- 05 - Room 5
You access Apartment 5 up an additional staircase. The largest of the 5 this contains the luxury of a private Entrance Hallway. Apartment 5 also contains large Living space with window allowing lots of natural light, spacious bedroom and adjoining bathroom and separate Kitchen.Please note, all dimensions are approximate / maximums and should not be relied upon for the purposes of floor coverings.
Property management in place for prospective buyer.
Directly at the front of the property.
Ideally located next to all amenities attractive to a range of prospective tenants.
Poised for a quick sale
Available on request
Band C (69-80)
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- Council Tax: Band A