9 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
For sale by unconditional online auction, registration is now open. 28/11/2024 10:00 28/11/2024 15:10
For sale by online auction on 28 November 2024
Bidding opens at 10:00am and closes from 12:00 noon
3 x 3 Bedroom Properties
Freehold
Generating a combined rental income of £46,800 per annum
14.625% yield of Guide Price
Seaside location
Ideal Investment Opportunity
Town & Country Property Auctions are delighted to present this fantastic opportunity to purchase 3 x 3 bedroom terrace properties, all located in the lovely seaside location of Millom, Cumbria.
The properties can be bought as 1 Lot or purchased separately as individual lots in this auction:
Lot 47 - 74 Grammerscroft, Millom LA18 5EH
Lot 48 - 114 Albert Street, Millom LA18 4AD
Lot 49 - 2 Poolside, Haverigg, Millom LA18 4HW
Each property can be bought with the benefit of a guaranteed rental agreement providing £1,300 rental income pcm or £15,600 per annum, per property.
Total combined income for all 3 properties is £46,800 per annum.
This is a 14.625% yield of our guide price of £320,000. Equally the properties can be bought with vacant possession should a buyer prefer this.
The properties are located just a short drive from the Lake District National Park, have the benefit of coastal living and is close to local amenities.
Please see the legal pack for further information.
Tenure
Freehold
Terms
Legal Pack
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
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Property reference 271665. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions - London.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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