AUCTION SALE – CASH OR AUCTION FINANCE WELCOME – COMPLETE IN 28 DAYS

Description

INFORMATION FROM THE AGENT
CASH BUYERS ONLY. Stylish Studio Apartment – Tenanted Investment Opportunity – £650 PCM Income
A modern studio apartment located within the sought-after Kelham Island / St Vincent’s Quarter area of Sheffield, offering an excellent city-centre investment opportunity.
Currently tenanted at £650 PCM, providing immediate rental income for investors.
Key Features:
• Modern studio apartment in a popular city location
• Tenanted investment achieving £650 PCM
• Open-plan kitchen, living and sleeping space
• Contemporary shower room
• Large feature windows providing excellent natural light
• Secure, well-maintained development
• Walking distance to Sheffield City Centre, universities and local amenities
• Ideal investment or first-time purchase
Accommodation:
Entrance hallway leading to a modern fitted kitchen with integrated appliances, open-plan living/sleeping area with floor-to-ceiling windows, and a stylish shower room.
Onsite:
Gym
Bikestore
Laundry
Common Room

Location:
Situated within easy reach of Kelham Island, Sheffield City Centre and both universities, with excellent access to tram, bus and road networks. The area is well known for its independent bars, cafés, restaurants and vibrant city lifestyle.

Tenure: Leasehold - 191 Years remaining service charge £2300 ground rent £300pa.

INFORMATION FROM THE AUCTION COMPANY
All marketing material, including property descriptions and imagery, has been provided by the introducing agent.
The Auction Company does not verify this information.
Buyers are advised to arrange an in-person viewing (by appointment only) and satisfy themselves as to the condition and legal position of the property before bidding or making an offer.

METHOD OF SALE
This property is offered for sale by Timed Online Auction (Unconditional).
Bidding takes place online via The Auction Company website.
The bidding end date and time are clearly displayed on the listing.

REGISTRATION TO BID OR MAKE AN OFFER
To bid or submit an offer, buyers must:
- Complete online registration
- Pass identity and AML checks (legal requirement)
- Register valid payment details
- A £1,000 hold/shadow payment will be placed on your card.
- By bidding or making an offer, you confirm acceptance of The Auction Company’s Auction Terms & Conditions, Buyer’s Terms, Legal Pack and Special Conditions of Sale.

AUCTION TYPE - TRADITIONAL METHOD OF AUCTION (UNCONDITIONAL)
All bids and offers are legally binding.
Exchange of contracts takes place immediately upon acceptance.
Completion is required within 28 days, unless stated otherwise in the legal pack.
If you are the successful buyer:
- The £1,000 hold payment will be deducted and credited toward the Buyer’s Premium.
- You must pay:
- The 10% deposit (non-refundable)
- Any remaining Buyer’s Premium balance
- All payments must be made within 2 hours of acceptance.
- All remaining balances must be paid by bank transfer only. No card payments are accepted.
- The Buyer’s Premium is 4% + VAT (minimum £5,000 + VAT) and is non-refundable.

PRE-AUCTION & POST-AUCTION OFFERS
The seller may consider offers made before or after the auction.
For clarity:
- All pre-auction and post-auction offers are treated as auction sales.
- The same auction terms, Buyer’s Premium, deposit requirements and completion timescales apply.

LEGAL PACK
Each property is sold subject to a legal pack, which may be updated at any time before the auction.
Buyers must:
- Download and review the legal pack before bidding or making an offer.
- Take independent legal advice if required.
- Check for updates immediately before bidding.
- By bidding or making an offer, you are deemed to have read and accepted the legal pack in full.

SPECIAL CONDITIONS OF SALE
Special Conditions of Sale are set by the seller and are legally binding.
They are contained within the legal pack and override all general auction terms where applicable.

Council Tax Band

A

Lease Start Date

30/10/2013

Lease Duration

205 years (192 years unexpired)

Annual Ground Rent

£230

Annual Service Charge

£2,300