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Lot - 16 Sheffield Road, Creswell, Worksop, Nottinghamshire, S80 4HW

Guide Price* £60,000

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Property Type
Terraced
Tenure
Freehold
Type
Residential
Bedrooms
2
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold residential investment
  • Two bedroom house
  • Subject to an assured periodic tenancy
  • Producing £8,700 per annum

Freehold two bedroom terraced house – Investment producing £8,700 per annum

Description

The property comprises a two storey mid terrace two bedroom house of brick construction beneath a pitched slate roof.

Location

Worksop is located 20 miles south-east of Sheffield, 49 miles south of Leeds and 16 miles south-west of Chesterfield. Creswell is located 6 miles south-west of Worksop. The M1 motorway (Junction 30) is to the north-west via the A616 to Barlborough.

The property is situated on the west side of Sheffield Road, close to the junction with Baker Street, whist Creswell mainline station is close by with regular rail services to Nottingham and Worksop.

Accommodation

Ground Floor
Loung/diner, kitchen

First Floor
Two bedrooms, bathroom/WC

Tenancy

The property is let on an assured periodic tenancy to an individual dated 10/05/2024 at a current rent of £725 per calendar month.

EPC Rating

C

Council Tax Band

A

VAT

VAT is not payable

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £2,400 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,900 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,400 (inc. VAT).

Please note that Lots may be sold or withdrawn prior to auction.

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All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of SW Property Auctions or the seller.

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Additional Information

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Oliver Childs
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