Vacant Two Bed First Floor Flat

Two-bedroom flat situated on the first floor within a block positioned above retail units in a pedestrianized zone in Bradford city centre. The property does require some modernisation throughout. Accommodation Entrance hall, open plan lounge/kitchen, two bedrooms and bathroom. There is no car parking available. We have taken the Total Floor Area from the Energy Performance Certificate (EPC) as follows: Total Floor Area: 67 sq. m (721 sq. ft) Location Situated in the centre of Bradford convenient for Broadway and Kirkgate shopping centres plus Centenary Square. Should appeal to buy to let landlords looking to add to their portfolio, similar (2 bed) properties in the development have recently been advertised to let for £650 and £675 pcm. Suggesting the property has the potential to achieve a gross rental yield of well over 20% based on the guide price. Tenure: Leasehold Title number: WYK862481 Length of Lease/Term: The lease is for a term of 150 years from 1 January 2006 Ground Rent : The initial ground rent is £200 per annum and increases by £50 every 25 years of the term. Service Charge: to be confirmed Council Tax Band : B Local Authority: Bradford Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Bradford Metropolitan District Council

Solicitors

TLT LLP, 1 Redcliff Street, Ref: TLT LLP, Tel: 0117 9177777

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - No fee applicable

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.