Reeds Rains, Ormeau Road in partnership with The Northern Ireland Property Auction.
Cash offers only.
This represents a superb opportunity to acquire a modern ground floor apartment set within a popular and quiet residential address set off Shaws Road in Andersonstown.
Ideally suited to the landlord/investor markets due to fruitful rental returns of c. £675 per month and returning c. 10% yield.
This apartment benefits from its own front door and the accommodation provides two bedrooms, bathroom, living room and modern kitchen. Gas heating, double glazed and communal gardens add to the many features.
Hardwood Front Door
Living Room 15' 6" x 13' 2" (4.72m x 4.01m )
Front aspect. Hardwood flooring.
Kitchen 12' 0" x 8' 0" (3.66m x 2.44m )
Excellent range of high and low level units. Formica worktops. Glazed display units. Built in electric oven. 4 ring hob. Over head stainless steel extractor hood. Stainless steel single drainer sink unit with mixer taps. Plumbed for washing machine. Tiled floor. Integrated fridge/freezer.
Bedroom 1 12' 5" x 9' 5" (3.78m x 2.87m )
Laminate hardwood flooring. Front aspect.
Bedroom 2 9' 2" x 7' 9" (2.79m x 2.36m )
Laminate hardwood flooring. Rear aspect.
Bathroom 8' 5" x 6' 5" (2.57m x 1.96m )
Low flush WC. Pedestal wash hand basin with mixer taps. Tiled floor. Panelled bath with electric shower. Tiled walls. Shelved hotpress with gas boiler.
Communal gardens to rear.
Cash Offers Only **
Stunning Ground Floor Apartment
Close To 10% Rental Yield
Rental Returns - £675PM
Two Good Sized Bedrooms
Own Front Door Access
Modern Kitchen With Appliances
GFCH / Double Glazed
Spacious Living Room
TO VIEW OR MAKE A BID - Contact Reeds Rains, Ormeau Road or The NI Property Auction, www.nipropertyauction.com
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.
In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.8% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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.
Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.
Please contact us for more information about this property.
This property is sold unconditionally with the successful purchaser required to place a 10% (minimum £6,000.00) non refundable contract deposit and exchange immediately after the auction.
A buyers administration fee of 1.8% (to a mininum of £2,400.00) including VAT is also required under this method payable by the successful bidder in addition to their winning bid.
This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.
Where the auction is ran online, as part of the bidder registration process, a bidder security deposit of £6,000.00 is required to be pre-authorised from the Bidder's debit or credit card, through the payment facilities on the website when registering to bid.
A bidder also has the option of paying by Bank Transfer to iamsold's client account, or over the phone card payment. A bid registration will not be approved by iamsold until in receipt of the Bidder Security Deposit in cleared funds.
The pre-authorisation payment will only be captured from the successful bidder on acceptance of their bid.
Once a bid is accepted the Bidder Security Deposit will form part of the non-refundable payment contract deposit and administration fee.
Any balance of the Contract Deposit or administration fee, must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid.
The outstanding balance can be paid by same day Bank Transfer to iamsold's client account, or over the phone by debit or credit card.
All unsuccessful bidders will have their pre-authorisations released 7 days from the initial authorisation or card payment refunded within 5 working days of conclusion of the auction or from when iamsold is provided with the correct bank account details for the return payment.
Where the auction is ran online, all bidders are required to pay a non-refundable £50.00 (inclusive of VAT) registration fee, per property that they register to bid on.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 028 9560 8380.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.