Property Description

IMPRESSIVE INVESTMENT OPPORTUNITY, Located on Spring Bank is the Victorian terrace property offered to the market having been divided into five individual self-contained flats, and is positioned close to the ever popular and vibrant Princes Avenue. Still retaining some period features, each flat offers uPVC double glazing, gas fired central heating system, open plan living space and kitchen area, a double bedroom and white bathroom suite. There is a courtyard to the rear, leading onto a tarmac parking area for residents. When fully let, the property has previously generated £27,000 per annum. The property is situated within an established, residential location approximately one mile northwest of the city centre. All necessary amenities can be found nearby including shops, transport links, outdoor spaces and a selection of pubs, bars and eateries. The property itself benefits from double glazing and gas central heating throughout with enclosed gardens to the front and rear. Gross internal area 259 sqm (2,784 sqft). This property may qualify for stamp duty land tax relief, subject to certain conditions, please see further details below.

Note

Please be advised that the auctioneers have not personally inspected the property and there is no access available. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Entrance and Hallway

With period portico entrance leading to the front door, secure intercom entrance to the five individual flats. Hallway gives access to flats 1 and 2, staircase to the first floor, under stairs cupboard, meter cupboard, exterior door leading to the rear courtyard and parking.

Flat One

A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.

Flat Two

A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with white three piece suite.

Flat Three

A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.

Flat Four

A self contained flat offering lounge and a separate fitted kitchen, double bedroom and en suite bathroom.

Flat Five

A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.

Outside Space and Parking

To the rear of the property is a good sized courtyard area which leads onto tarmac parking area for the residents.

Land Tax Relief

We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.

Tenure

Freehold

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