Lot 38
    Block of Apartments
    88 Midland Road
    Wellingborough, Northamptonshire, NN8 1NB
    Withdrawn Prior to Auction
     
    Number 1
    A Mid Terrace Building Arranged as Four Self-Contained Two Bedoom Flats. Offered with Vacant Possession.

    Description

    The property comprises a mid terrace building arranged over lower ground, ground and two upper floors currently arranged as four x two bedroom flats.

    Tenure

    Freehold

    Location

    The property is situated on a predominantly residential road close to local shops and amenities. The green open spaces of both Swanspool Gardens and Croylands Gardens are within easy reach. Transport links are provided by Wellingborough rail station.

    Exterior

    The property benefits from access to a rear car park

    Note

    The current owners rented the flats out to the local authority with a Net Operating Income for Nov 2017-Nov 2018 of £63,894

    Administration Charge

    Purchasers will be required to pay an administration charge of £1,000.00 plus VAT (£1,200.00 including VAT at 20%) on each lot purchased (unless stated otherwise in the property description. It is strongly recommended all purchasers check the special conditions of sale as other fees may also apply to individual properties.

    Unconditional online auction

    Note – This property is being sold by unconditional online auction. Please register your interest at https://auctionhouselondon.co.uk/online-auction/

    The unconditional online auctions work on the same basis as traditional auctions. If you are the highest bidder at an unconditional auction and the reserve price has been met; you will exchange contracts with the seller and enter into a legally binding contract, which sees the buyer pay a deposit immediately. The minimum deposit is usually 10% of the purchase price (with a minimum of £5,000 or the purchase price if lower), this is in addition to the buyer’s fee. The deposit due might be altered by the special conditions of sale and you should read the legal pack carefully before bidding as you will be bound by the payment terms in the special conditions. The sale is absolute and the deposit and buyer’s fees are non-refundable.

    Accomodation Schedule

    Property Floor Accommodation
    Flat 1 Lower Ground Reception Room, Kitchen, Two Bedrooms (One with En-Suite), Bathroom, Store Room. GIA 60.6 sq m
    Flat 2 Ground Hall, Reception Room, Kitchen, Two Bedrooms (One with En-Suite), Bathroom. GIA 48.1 sq m
    Flat 3 First Reception Room, Kitchen, Two Bedrooms (One with En-Suite), Bathroom. GIA 53.3 sq m
    Flat 4 Second Reception Room, Kitchen, Two Bedrooms (One with En-Suite), Bathroom. GIA 56.2 sq m
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

    Contact Our Property Experts