investment in S43

Queen Street, Brimington, Chesterfield, Derbyshire, S43 1HS

Starting Bid
£165,000
Current Bid £155,000
1 Bids
Sold

Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Pair of Flats
  • Tenanted Investment
  • Freehold Title
  • Generating Approx. £11,100pa

investment in S43

FOR SALE BY AUCTION: Terms and conditions apply.

We are pleased to offer to auction a rare opportunity to purchase a pair of spacious flats located on Queen Street, Brimington.

Unique investment opportunity to acquire this substantial 5 bedroomed, 3 bath property. The property is currently split into 2 flats and the owner wishes to sell the properties with the tenants in situ. Great potential for investors.

Brimington has an excellent array of amenities. Located a short distance from Chesterfield Town Centre. Well placed for The Healthy Living Centre at Staveley: top-class health, sport and leisure facility, Tapton golf course, Chesterfield Royal Hospital and train station. Stunning Peak District, Britain's first National Park, just four miles from the town centre, is home to some of England's best scenery and hundreds of walks

This substantial detached property is currently split into two flats. To the rear is a courtyard area split into two providing outside space for the each flat. off street parking is available for multiple vehicles. The downstairs flat has two entrance points, has 3 bedrooms, a utility room 2 bathrooms, kitchen and lounge. It also has a cellar with two windows. It can be reconfigured into bedsits if required or the whole house could be turned back into one. A combi boiler is located in the utility room with space for a washing machine. The 1st floor flat has an access point to the front which takes you into entrance hall with stairs leading to the flat above. The flat has 3 bedrooms with a bathroom, kitchen, lounge and a combi boiler and double glazed. Both properties are neutrally decorated throughout and viewing is highly recommended to appreciate the accommodation on offer.

Please note we have not inspected this property.

Summary

  • Property Type: Investment
  • Tenure: Freehold
  • Parking: Off Street

Location

The subject property is well located along Queen Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.5 miles from Brimington town centre and approximately 3.3 miles from Chesterfield town centre.

Accommodation

Cellar:
NIA: 19sqm

Ground Floor:
Kitchen (3.78 x 3.68)
Lounge (4 x 3.67)
Bathroom 1 (2.17 x 1.88)
Bathroom 2 (2.17 x 2.10)
Utility Room (2.42 x 2.17)
Bedroom 1 (3.36 x 2.66)
Bedroom 2 (3.48 x 2.26)
NIA: 84.8 sqm

First Floor:
Kitchen (4.52 x 3.7)
Lounge (4.86 x 3.68)
Bathroom (3.16 x2.5)
Bedroom 1 (3.86 x 2.5)
Bedroom 2 (3.44 x 3.3)
Bedroom 3 (3.44 x 2.28)
NIA 85.1 sqm

Tenure

FREEHOLD. TITLE NUMBER: DY65803

Lease Details

The lower two bed flat is let on a rolling AST for £450pcm and the upper 3 bed flat on a similar tenancy agreement for £475pcm giving the property a total annual income of £11,100pa. This represents a net yield of 6.6% (based on the asking price)

EPC

Available upon request.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Floor Plan

Floor Plan

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 

£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

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