LOT 25

25 Hitchin Street, Biggleswade, Bedfordshire, SG18 8AX

FREEHOLD RESIDENTIAL INVESTMENT

Result: Sold for £253,000 Guide price: £180,000 - £190,000*

Auction Date

Thursday, 8th April 2021 12:00pm

A mid terrace building comprising 4 flats (one sold off on a long lease). Forming part of a local parade just south of the town centre and about ¼ mile from Biggleswade railway station. Biggleswade lies about 12 miles from Bedford and 45 miles from Central London.

Accommodation

25a Hitchin Street (Ground Floor Flat): Sold on a 125 year lease from 01.01.2014 at a current ground rent of £125 p.a. doubling every 25 years.
25b Hitchin Street (First Floor Flat):
Bedroom, living room, kitchen, shower/toilet.
Let on a 24 month AST from 30.10.2020 at £700 pcm.
25c Hitchin Street (Second Floor Flat):
Open plan bedroom/living room/kitchen, shower/toilet.
Let on a 24 month AST from 30.01.2021 at £495 pcm.
25d Hitchin Street (Rear Ground & Lower Ground Floor Flat):
Bedroom/living room, kitchen, shower/toilet.
Let on a 24 month AST from 30.10.2020 at £550 pcm.

EQUIVALENT TO £21,065 p.a.

Note

1. Each Assured Shorthold Tenancy has a tenant's break clause after 12 months on one months notice.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Sold for £253,000

Addendum

The property is within a Conservation Area.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.