Flat for auction in Stoke-On-Trent

Description

A leasehold investment opportunity comprising a student pod within a purposely developed student accommodation building on the edge of Stoke Town Centre. The property is currently let at a rent of £6,458. The property is held by way of a 250 year lease from 2018.

Tenure

Leasehold

Occupancy

Subject to a tenancy

General

TENANCY
The property is let by way of an Assured Shorthold Tenancy agreement at a rent of £6,458 for the duration of the contract. The property is currently opted in to a rental &apos

pool&apos

system in which the total rent received for all (opted-in) flats is distributed to the landlords, regardless of whether their own property is rented or not. A passing rent is therefore guaranteed under this scheme and we are advised by the vendor that the building is currently 100% occupied.

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH JANUARY AND CLOSES ON WEDNESDAY 28TH JANUARY.

3. The property is listed with a Council Tax assessment in Band A.

4. Details of the Buyers Premium and any additional fees payable are contained within the legal documents.