Lodge Lane, Spondon, Derby, DE21
Guide price £250,000
Lodge Lane | House
4 4 4
Description

**CALLING ALL INVESTORS** Offered to the market with no upward chain is this ideal investment opportunity offering a current annual income of £17,460, sitting at a yield of 6.4%! The building includes four seperate one bedroom flats all having kitchens and bathrooms.
Viewings are highly recommended to truly appreciate the size of the accommodation on offer!
The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative

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