Property for Auction in London - Flats 1-5, 33 Yarm Lane, Stockton-on-Tees, Cleveland

A Mid Terrace Building Arranged to Provide Five Self-Contained Flats (4 x One Bedroom, 1 x Three Bedrooms) Fully Let Producing £27,300 Per Annum (Reflecting a Gross Initial Yield of 17%) The property comprises a mid terrace building arranged to provide five self-contained flats (4 x one bedroom, 1 x three bedroom) over lower ground, ground and two upper floors. Tenure Freehold Location The property is situated on a residential road close to local shops and amenities. The open spaces of Ropner Park are within easy reach. Transport links are provided by Stockton rail station. Accommodation Flat 1 Reception Room Kitchen Three Bedrooms Bathroom Flats 2 & 5 Reception Room with Open Plan Kitchen Bedroom Bathroom Flats 3 & 4 Reception Room Kitchen Bedroom Bathroom Tenancy The five flats are each subject to an individual tenancies at a combined rent of £27,300 per annum Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.