Flat 1 & 2, 157 High Street, Burton-On-Trent DE14 1JE

A fantastic opportunity to purchase two flats on Burton High Street amongst excellent amenities.

Flat 1 - A studio apartment on the first floor comprising of entrance hallway, large lounge/kitchen/bedroom and family bathroom. We are advised the flat is tenanted at a rent of £525.

Flat 2 - A large top floor, three bedroomed apartment comprising of stairs up to entrance hallway, large lounge, kitchen, three double bedrooms and a family bathroom. This property is currently let on an Assured Shorthold Tenancy agreement at £550 per calendar month.

Each flat has scope to improve and increase rents. There is even more scope for higher returns if they were to be set up as short term lets like other flats nearby.

Situated in Burton-Upon-Trent town centre, this property offers easy access to a range of amenities including shops, restaurants and entertainment options.

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

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

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.