THREE BEDROOM TENANTED HOME RETURNING £6,600pa

This three bedroom end terrace is occupied under tenancy since March 2023 and produces an income of £6,600pa, that's a staggering 14.67% yield from guide price. Statements and agreements will be available in the legal pack. The internal accommodation comprises in brief, entrance hall, lounge and kitchen diner to the ground floor with landing, three bedrooms and bathroom on the first floor. Located on the outskirts of Stockton Town Centre which is currently undergoing a multi million pound regeneration scheme, a good array of shop, bars and restaurants and all in easy reach. Auction House North East have not had access to this property at the time of marketing and all photos and details have been supplied from the current vendor. Viewings will be available on this property so act fast to show your interest We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (10th December), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctionhouse.co.uk. for any further assistance, please do not hesitate to contact us in the office.

Tenure

See Legal Pack

AUCTIONEERS NOTES

Property construction – Non Standard Construction Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Gas Broadband - Standard Speed – 11 mbps Mobile signal / coverage – O2 / Vodafone – Good Parking – On Street Building Safety – See Legal Pack Restrictive Covenants – Yes - See Legal Pack Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – No Risk Planning permission –- See Legal Pack Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Stockton-on-Tees Borough Council

Solicitors

HNW Law, Suite 17, Ref: HNW Law, Tel: 01642 050800

Additional Fees

Buyer's Premium - 1.8% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.