2 bedroom Flat for sale

Gaunt Street, Lincoln, LN5

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day ReservationPeriod. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer InformationPack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchaseprice inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during theReservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if theservice is taken. Payment varies but will be no more than £450. These services are optional.

Kitchen / Living / Dining Area

4.83m x 4.78m

Bedroom 1

5.13m x 3.96m

Bedroom 2

3.46m x 3.18m

Bathroom

2.20m x 1.86m

Parking

Permit for on street parking must be purchased through City of Lincoln Council.

Tenure

Leasehold. 999 years from new. 983 years remaining.

Local Authority

City of Lincoln Council.

Note to Investors

The Property currently achieves 6.9% yield per annum. If you were to be successful in winning the auction this could be raised to a gross yield of circa 9.7%.