Trafford Street

Ref: Lot 25

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Registration Guide

Finance available on this property

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Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium 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 56 days following the auction (unless otherwise stated).

Description

****ATTENTION INVESTORS APPROXIMATE 13% NET YIELD****

Conveniently located in Chester City Centre, this modern studio apartment is the perfect investment opportunity and could provide ample accommodation for students.

Description - This 4th floor studio apartment residing in Northgate Point is the perfect property for first time investors or those looking to expand their current portfolio. The apartment has an open plan kitchen/living/bedroom area and a shower room.

Location - A popular location complete with various local facilities including restaurants, public houses, coffee shops and convenience stores, as well as being within easy reach of fast and efficient mainline railway services from the Chester General Railway Station and convenient for the comprehensive array of amenities within and around the Chester city centre. The thriving heart of Hoole is also within walking distance of the property. Excellent connections are within driving distance to the wider north west road communications network via junctions with the A55 expressway and M53 motorway.

Accommodation

Living / Bedroom Area - With a radiator and window to the rear elevation

Kitchen Area - The kitchen is fitted with wood effect wall, base and drawer units, integrated appliances include a fridge freezer and an oven. Work surface space houses a stainless steel sink unit with mixer tap and an electric two ring hob with an extractor hood over.

Bathroom - Fitted with a three piece white suite comprising a low level WC, a wash hand basin with mixer tap and a shower enclosure.

PLEASE NOTE THE AUCTIONEERS HAVE BEEN PROVIDED WITH THE INFORMATION BELOW- BUYERS ARE ADVISED TO CONFIRM VIA LEGAL PACK.

Tenure - PLEASE NOTE: a tenant will be residing at the property for a period of 51 weeks paying a rental of £189pw from September 2024 - September 2025.
Tenure: Leasehold, Approx 972 years remaining
Service charges approximately £126 per month.
Ground Rent is £156 for 6 months.
Council Tax Band - A £1,332
Tenure: Leasehold, 972 years remaining

Buyers Premium

* Plus 5% Buyers Premium + VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Material Information

Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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