Studio

Want an income with a potential gross yield of over 22%? You could with these Studio apartments with an annual income of £5750.00 Set in a secure student accommodation building. Currently tenanted by students who are on a fixed term contract until end of term 2023

Studio room with fitted shelving unit, desk and kitchenette, all with automatic shut off systems for the cooker and lighting. Separate shower room. Communal areas: Reception, lounge area with tv screen and games, gym, laundry room (*extra charge) courtyard area.

Lease 250 years 1st September 2018 (246 years left)

Ground rent is £750 per annum
Service charges are £1321.72 per annum

For sale by public auction on Monday 11th September 2023 at 6.30pm at the DoubleTree by Hilton, Etruria Hall Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BQ.

We also offer remote bidding via internet, telephone or proxy meaning that you can bid from the comfort of your own home. Pre-registration is required, please call the auction team on[use Contact Agent Button] to register to bid remotely.

Call now to arrange a viewing[use Contact Agent Button].

*Photos and floorplan are for illustration purposes only*

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Administration Fee
A buyers administration fee of £1200 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendors solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Viewings
To view this lot, please contact the selling office, on[use Contact Agent Button].

Internet, Telephone & Proxy Bidding
Interested in this lot but can’t attend the auction? You can bid by internet, telephone or by proxy, by pre-registering with our auction department on[use Contact Agent Button] or [use Contact Agent Button] Further details are available in the catalogue.

Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Guide Price
An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve
The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.