Call 0800 038 5996

Guide Price: £40,000.00

Traditional Auction

29 Keele House , The Midway , Newcastle Under Lyme , ST5 1LD

Image
Image
Image
Image
Image

AUCTION SOLD

Lot Number: 37967713

Property ID: 60214418

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

Guide Price

£40,000.00

Method of Auction

Traditional

Property Type

Flat

Number Of Beds

1

Tenure

Leasehold Property

Address

29 Keele House

Key Features

• Guide Price £40,000-£45,000
• Ideal Buy-To-Let Investment
• One Bedroom Student Apartment
• Purpose Built Student Accommodation
• Currently Let For 51 Weeks Of The Year
• Great Location For Keele University
• Communal Lounge, Gym and Facilities
• Buyers Fees Apply
• Pre Auction Offers May Be Considered
• Auction Pack Available On Request

Description

Guide Price £40,000-£45,000

We are pleased to present this one bedroom student apartment, making a fantastic BUY TO LET INVESTMENT.

This development is a superb, high-yielding opportunity in the UK student accommodation sector. This one bedroom apartment is currently let at £130 per week, for a 51 week period - running until September 2022.

The apartment comes fully furnished. This provides an investor an opportunity of a quick return on their capital. Student tenants at Keele house have the use of a communal lounge and study area complete with sofa’s, desks, TV’s and gaming equipment.

There are on-site laundry facilities, a fully equipped gymnasium free of charge for tenants of the building.

Keele House is a purpose built student accommodation (PBSA) block which is a refurbishment of an office block located in the Newcastle-Under-Lyme town centre. The development is in a fantastic location for universities.

Currently tenanted for £130 per week, for a 51 week period.
Lease Length: 125 years from and including 23rd December 2016 - approximately 120 years remaining.
Service Charge: £2373 per annum.
Ground Rent: TBC

AUCTION INFORMATION

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice.

PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Property Brochure

Download Link:  Must be logged in!

Property Auction Pack

Download Link:  Must be logged in!

EPC

Download Link:  Must be logged in!

Floor Plan

Download Link:  Must be logged in!

**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: ST5 1LD

logo

Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

AVAILABLE PROPERTIES


Image
14/05/2025 13:00:00

ONLINE AUCTION

GUIDE PRICE*
£490,000.00

Reservation Fee Applies

Freehold Property

73 Alton Road
Bournemouth
HOUSE
Image
20/05/2025 13:00:00

ONLINE AUCTION

GUIDE PRICE*
£130,000.00

Reservation Fee Applies

Freehold Property

29 Burnivale
Malmesbury
HOUSE
Image
29/05/2025 13:00:00

ONLINE AUCTION

GUIDE PRICE*
£500,000.00

Reservation Fee Applies

Freehold Property

92 & 92a Oval Road
Croydon
FLAT
Cookies help us deliver our services. By using our services, you agree to our use of cookies.