Flat for auction in Sheffield

Description

A studio apartment located in the heart of the Sheffield Hallam University sector, a short walk from the main campus and City Centre facilities. The property is let by way of an Assured Shorthold tenancy £675 PCM giving an gross annual income of £8,100 pa. Pearl Works offers ideal accommodation for students and professionals alike, having a ground floor mini market and laundry facilities

Pearl works is a was completed less than 15 years ago and occupies a prime location just off Arundle Gate in the heart of the Sheffield Hallam University sector. City centre facilities are a short walk away today with the railways station, leading theatres and comprehensive shopping/ leisure facilities.

Accommodation

Studio Apartment
Bedroom/Living Area

Kitchen

Shower Room

Tenure

Leasehold

Lease Length

200 years from the 19th December 2013 at £650pa

Service Charge

We are advised this amounts to £3,253pa and interested parties are advised to consult the management details provided with the legal pack

Occupancy

Subject to a tenancy

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Note
Please be advised that whilst the managing agent has conducted an inspection and provided a video, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.