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4 bedroom block of apartments for sale
49 Fairfield Road, Heysham LA3 1ES
£225,000
49 Fairfield Road, Heysham LA3 1ES
£225,000
Our Summary
- For sale by Unconditional Online Auction
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type
- 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
- 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)
- Scope to add value and increase rental returns
Description
A block of four self-contained apartments is up for sale by unconditional online auction in Morecambe, with a guide price and a reserve price within 10% of it. The apartments, ranging from one to two bedrooms, generate a total annual income of £26,280, representing an instant yield return of 11.68%. The property is located on Fairfield Road, within walking distance to the seafront, shops, restaurants, and amenities. The apartments are currently rented out, with monthly rents ranging from £515 to £575. The sale is subject to a 5% deposit and a buyer's fee of 4.8% of the purchase price, which will be taken into account when calculating Stamp Duty Land Tax. The property is being sold as a freehold, with an EPC rating of D, D, C. Potential buyers are advised to make a viewing enquiry and conduct independent research before placing a bid, as this will be binding.