10 De Grey Street, Hull, HU5 2SA
Property SummaryFor Sale by Modern Method of Auction : Starting Bid Price £130,000 plus reservation fee. Excellent investment property in need of light renovation. Set within the a popular rental area of the city, close to the University. This property is For sale by The Great North Property Auction powered by I am Sold. - HMO 6 Rooms - Vacant Possession - An Ideal Investor Opportunity. Entrance hallway with 2 ground floor letting rooms- Large open plan kitchen and Lounge area. To the rear of the kitchen is a bathroom and shower room. The first floor offers another large bathroom, 3 double letting rooms. To the third floor are the final 2 letting rooms. To the rear is an outside garden. The property is double glazed and central heated. The property is in need of some cosmetic TLC.
- HM0 - 7 Bedrooms
- Close to University Hull
- HMO licence in place
- Ideal Investment Property
- EPC - D
- For Sale by Modern Auction T and C apply
- Photos taken 2019
This property is for sale by the Modern Method of Auction. Should you view, offer a bid on the property, your information will be shared with the auctioneer, I am Sold.
This method of auction requires both parties to complete the transaction in 56 days of the draft contract for sale being received by the buyers solicitor. The additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The reservation fee is paid in addition to to purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. Buyers will be required to go through an identification verification process with I am Sold and provide proof of how the property will be funded.
This property has a Buyer Information Pack which is i collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions can be found in this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack where it has been provide by I Am Sold.
The property is subject to an undisclosed Reserve Price with both the reserve price and the bidding price subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of a third party to you. Whilst these services are recommended and it is they would be of benefit you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer and Partner Agent may receive a payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.