Unit 314, The Printhouse, 58-60 Woodgate, Loughborough

£17,500
Sold STC
1/10
£17,500
Sold STC
Jack Grant
Residential Valuer
0115 896 5072
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Property summary

Leasehold
MODERN METHOD OF AUCTION - T & C's APPLY
RESERVATION FEE PAYABLE
Investment Opportunity
Town centre location
Excellent transport links
Sold with tenants in situ
2nd floor apartment
Complimented by communal rooms and laundry room
CEPC Rating - C,
10.1% Net income.

Get in touch

Jack Grant
Residential Valuer
0115 896 5072

More about the property

This property making the perfect investment! being situated within one of the most prominent town centre locations the ease of access to everything could not be better, consisting of a Bedroom/Living Space, a Shower Room this creates the perfect base for a student to settle themselves.

Benefitting from being on the doorstep of Loughborough University and being surrounded by many shops and amenities this property is situated perfectly, an internal viewing is key to appreciate the works from the management company.

Please note – We have been advised that the property is Leasehold with 240 years left on the lease. The expected income for 2024/2025 is a 10.1% net income equating to £2,078.80 this is not including a £300 management cost.

Agents Note – The rental income is accumulative throughout the whole building and is shared amongst the owners, please ask for more detail.

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Further Information - tap an option below
Your mortgage could be £620 per month*
Mortgage
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* Our mortgage calculator is only intended as a guide to help you calculate monthly mortgage payments based on the variable details entered (mortgage amount, interest rate, term). Buying a property is a significant event in any person’s life and it always makes sense to take some mortgage advice. Pygott & Crone offer a free initial consultation on a very personal basis, and can help you through the process of getting a mortgage, arranging insurance for your property and setting out other important options for consideration. Talk to us about your options

Accommodation

BUYING CONDITIONS
This property is for sale by the Modern Method of
Auction. Should you view, offer, or bid on the property, your information will
be shared with the Auctioneer, Iamsold.  This method of auction requires
both parties to complete the transaction within 56 days of the draft contract
for sale being received by the buyer’s solicitor.



This
additional time allows buyers to proceed with mortgage finance (subject to
lending criteria, affordability, and survey).  The buyer is required to
sign a reservation agreement and make payment of a non-refundable Reservation
Fee. This being 4.5% of the purchase price including VAT, subject to a minimum
of £6,600.00 including VAT.  The Reservation Fee is paid in addition to
purchase price and will be considered as part of the chargeable consideration
for the property in the calculation for stamp duty liability.

BUYERS INFORMATION PACK
Buyers will be
required to go through an identification verification process with iamsold and
provide proof of how the purchase would be funded.  This property has a
Buyer Information Pack which is a 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
are also contained within this pack.  The buyer will also make payment of
£300.00 including VAT towards the preparation cost of the pack, where it has
been provided by iamsold. The property is subject to an undisclosed Reserve
Price with both the Reserve Price and Starting Bid being subject to change.

Entrance Hall
Studio
5 x 2.51m
Bathroom
2.03 x 1.42m
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