1 bedroom Flat for sale, Sheffield, South Yorkshire, S3

FOR SALE BY MODERN METHOD OF AUCTION - STARTING BID £85,000!#

AUCTION CLOSING DATE 14th May @ 3pm

Investment Opportunity in Sheffield: 5 Cutlers House, 45a Mowbray Street

Welcome to a fantastic investment opportunity in the heart of Sheffield! Presenting 5 Cutlers House, a smart 1-bedroom apartment that not only offers a comfortable living space but also comes with a lucrative existing tenancy. This property is currently generating a monthly income of £575pcm, showcasing its potential for a solid return on investment.

Key Features:
Location:
Cutlers House, 45a Mowbray Street, Sheffield.
Prime location with easy access to local amenities, public transport, and Sheffield city life.

Investment Highlights:
Current Rental Income: £575pcm.
Market Rental Potential: Circa £675pcm.
Solid Tenancy: Already tenanted, providing immediate returns.

Potential for Increased Returns: With the market rental rate of £675pcm, there's room for a significant increase in future returns.

Property Overview:
Bedroom:
Well-designed bedroom with built-in storage, offering both functionality and style.
Bathroom:
Modern bathroom featuring a shower for convenience and comfort.
Kitchen:
Fitted kitchen equipped with appliances, creating a contemporary space.
Living Area:
Open living area connected to the kitchen, providing a spacious and inviting environment.

Investment Potential:
This property not only offers a reliable current income but also presents an opportunity to maximize returns. With the market rental potential of £675pcm, savvy investors can benefit from increased cash flow over time.

Viewings:
Viewings are available now! Don't miss the chance to explore this well-presented apartment and witness the investment potential it holds.

**** AUCTION TERMS ****

Auctioneer Comments 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 Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers 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 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 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. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will 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 or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.