Toler Road, Nuneaton, CV11 5EP

By Public Auction. AUCTION UPDATE This property will no longer be offered in the September auction. Please contact the Auctions Team to discuss the property and the next steps.

Professional photography currently being arranged – further images to follow.

An excellent opportunity for investors to acquire a two bedroom mid-terraced property, conveniently located in Nuneaton with the town centre and its wide range of amenities within close proximity.

The property offers a traditional terraced layout comprising a lounge, dining room, kitchen and bathroom to the ground floor, with two spacious bedrooms to the first floor.

Externally, there is a courtyard-style rear garden with separate lawned area, with on-street parking available to the front.

The property is in need of refurbishment throughout, providing an incoming purchaser with the opportunity to modernise and improve the accommodation to their own requirements.

The property was previously let and therefore presents an attractive proposition for investors looking to add value and establish a strong rental investment.

Once refurbished, we understand the property could potentially achieve a rental income in the region of £950 per calendar month, which equates to an indicative gross rental yield of approximately 10.4% based on the £110,000 auction guide price, before allowing for refurbishment costs, finance, management, maintenance and other associated expenses.

There is also potential for capital appreciation, with an estimated resale value in the region of £160,000 once fully refurbished, subject to the quality of works undertaken and prevailing market conditions.

The property is therefore likely to appeal particularly to investors, landlords and developers seeking a refurbishment project with strong rental potential and the opportunity to add value.

Auctioneers Note - Prospective purchasers are advised that areas of damp have been observed within the property.

Buyers are strongly encouraged to undertake their own due diligence and, if necessary, obtain independent professional advice or reports prior to bidding.

Auction Terms - This property is offered for sale by traditional auction by SBK Sales Ltd, trading as SBK Auctions.

The property will, unless previously sold or withdrawn, be sold subject to the Special Conditions and General Conditions of Sale contained within the Auction Legal Pack.

The Auction Legal Pack will be available to download by registered bidders.

The sale will take place on the stated auction date by way of a live stream auction and the property is being sold on an unconditional basis with a fixed fee.

Some sellers may consider a pre-auction offer and the lot may be sold or withdrawn before the auction.

If the reserve price is met and the auctioneer's gavel falls, binding contracts of sale will be exchanged at that point.

Auction Deposit And Fees - The following deposits and non-refundable auctioneer's fees apply and will need to be paid to the auctioneer on exchange of contracts: •10% deposit, subject to a minimum of £5,000 •Buyer's Premium of £1,500 inc.

VAT •Search pack of £420 inc. VAT There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Auction Legal Pack.

These additional costs may be payable on completion. Buyers must read the Auction Legal Pack carefully and take professional advice before bidding.

Guide Price And Reserve Price - The guide price is an indication of the seller's current minimum acceptable sale price and is given to assist interested parties in deciding whether or not to pursue their interest.

The reserve price is the minimum price at which the seller has authorised the auctioneer to sell. The reserve price remains confidential between the seller and the auctioneer.

Where a guide price is shown as a range, the reserve price will be set within that range. Where a single figure guide price is shown, the reserve price will not be set more than 10% above that figure.

Both the guide price and reserve price can be subject to change at any time prior to the auction. Plans - Plans shown are for identification purposes only.

Services - The auctioneer understands that mains water, drainage, heating and electricity are connected to the property, though these services have not been tested.

Buyers are advised to make their own enquiries to confirm the connected services. Directions - What3Words: ///sugars.pool.nail Tenure And Possession - The property and land are freehold.

Vacant possession will be given upon completion, which is normally 20 working days after the auction. Please refer to the Auction Legal Pack for further details.

Bidder Registration And Auction Legal Pack - If you would like to register to bid, please visit: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/ You can opt to bid online, by telephone or by proxy.

The Auction Legal Pack for the lot you are interested in can be downloaded here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk All bidders must register before bidding, complete the required identity checks and be approved to bid.

Full details on how to register to bid, and a guide to buying at auction, can be found at: sbkauctions.co.uk Preferred Solicitors - If you would like details of our preferred solicitors, please contact the auction team and we can arrange for information to be sent to you.

Legal Documents And Additional Costs - It is essential that bidders check the legal documents prior to bidding and take professional advice.

The legal pack may include searches, title documents, Special Conditions of Sale, tenancy information, planning documents, notices, replies to enquiries and other documents relevant to the lot.

Special Conditions of Sale can contain additional costs, being costs over and above the price the lot is knocked down at, and bidders are deemed to be aware of any additional costs prior to bidding.

Bidders must rely on their own inspection of the legal pack and any professional advice they obtain before bidding. Viewings - All viewings are by appointment only through the Auction Department.