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FOR SALE BY MODERN METHOD OF AUCTION, STARTING BID PRICE £30,000 plus Reservation Fee. For sale with the advantage of VACANT POSSESSION and NO ONWARD CHAIN. IDEAL INVESTMENT with the potential to achieve up to £425.00 - £450.00pcm generating an approximate yield of over 10%. Located just 15 minutes walking distance of Stockton High Street & Town Centre. The nearest bus route is on Yarm Road and various local amenities nearby. This property is for sale by The Great North Property Auction powered by iam-sold Ltd.
12' 6'' x 12' 1'' (3.81m x 3.68m)
12' 2'' x 11' 6'' (3.71m x 3.50m)
17' 9'' x 7' 0'' (5.41m x 2.13m)
7' 8'' x 7' 0'' (2.34m x 2.13m)
14' 3'' x 9' 11'' (4.34m x 3.02m)
11' 7'' x 9' 8'' (3.53m x 2.94m)
The energy efficiency rating of the property is C. The full EPC certificate is available upon request.
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 inc VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd. TO VIEW OR MAKE A BID – Contact GOWLAND WHITE or visit: www.iam-sold.co.uk