2 bed flat for sale

Patrick Street, Grimsby DN32

For Sale By Modern Method of Auction - T & Cs Apply

***2 x One Bedroom Flats For Sale***

This Mid Terrace property is a fantastic opportunity for investment buyers. Offered for sale with No Onward Chain, the property has been converted into two self contained one bedroom flats, flat 42A receives £450 per calendar month and flat 42B receives £425 per calendar month. We are advised the flats are currently achieving a gross yield of 11%.

The property on the Ground Floor comprises of; Lounge, Bathroom, Kitchen and Bedroom.

The First Floor flat also comprises Lounge, Kitchen, Bathroom and Bedroom.

Agent's Note: The property is freehold and is to be sold with tenants in situ.

Buying Conditions

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. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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 Information Pack

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 £349.00 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.

Ground Floor Flat

Entrance Hall

Lounge

5.16m x 3.3m - 16'11” x 10'10”

Kitchen

3.66m x 1.88m - 12'0” x 6'2”

Bedroom 1

3.66m x 2.28m - 12'0” x 7'6”

First Floor Flat

Lounge

4.62m x 4.22m - 15'2” x 13'10”

Bedroom 2

5.46m x 2.92m - 17'11” x 9'7”

Bathroom

2.49m x 1.91m - 8'2” x 6'3”