South Terrace

Guide Price: £170,000 - £190,000

AUCTION DATE: TUESDAY 25th JUNE 2024

BIDDER REGISTRATION: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Monday 24th June 2024

DOWNLOAD LEGAL DOCUMENTS FROM BARNARD MARCUS AUCTIONS WEBSITE

Description
A Grade II listed terrace property comprising 3 self-contained flats. The lower floor flat comprises one bedroom and is currently vacant (at the time of marketing being released). The middle floor flat is a studio and currently occupied. The upper floor flat is split over two levels and comprises 2 bedrooms and is currently occupied. To the rear of the property is a garden area, which also gives access to the lower floor flat. The current owner has owned the property for a number of years and has served as a very good
buy to let investment, with some of the tenants being long standing. The current income is approximately £19,200 p/a, and copies of the tenancy agreements are available within the legal pack.

Accommodation
Lower floor flat: open plan living area with a bedroom positioned off, kitchen, bathroom.
Middle floor flat: kitchen, bedroom/living area, bathroom.
Upper floor flat: open plan kitchen/living/dining, bedroom. Second floor: bedroom and a bathroom.
Outside: to the rear of the property is a courtyard/garden area. Access to the lower floor flat.

EPC:
N/A (Grade II listed)

Council Tax Band:
Lower floor flat: A
Middle floor flat: A
Upper floor flat: A

Tenure:
Freehold

Viewings:
William H Brown, 14 Wide Bargate, Boston, PE21 6RH. Tel: 01205 351010.
Email: [email protected]. By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue

FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS ON TUESDAY 25TH JUNE 2024 AT 9.00AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.

CONDITIONS OF SALE
The Conditions of Sale are available online and will be deposited at the offices of the auctioneers and vendor’s solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health & Safety Advice for Property Viewers.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

NOTE
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.