* SOLD FOR £48,000 * Guide Price £45,000 - £50,000 for all Three Flats* IDEAL INVESTMENT OPPORTUNITY - PORTFOLIO OF 3 FLATS PRODUCING OVER 14,000PA INCOME * APPROX 30% YIELD * Three two bedroomed flats each with a lounge, refitted kitchen, refitted bathroom and is exceptionally placed for access to both Durham City and the A19. Ideal for investment purposes with a high yield around 30%. Each flat is rented out at £400pcm.
IMPORTANT AUCTION INFORMATION
This property is offered for sale by the ‘Modern Method of Auction’. The successful bidder is required to pay a non-refundable reservation fee of 3.5% or £5,000.00 (whichever is higher). Any successful bidder will pay this to secure the property. The reservation fee is in addition to the purchase price. The successful bidder then has 28 days to exchange legally binding contracts. * Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.