Flats 1 - 4, Kingfisher House, Sandside, Milnthorpe, Cumbria LA7 7HW

A residential investment opportunity comprising 4 no. two bedroom apartments which is part let and currently producing £2,135 pcm (£25,620 per annum). The property is well maintained with all apartments being of a generous size, offering an immediate and reliable income stream.

The property is located in the hamlet of Sandside in a picturesque position overlooking the River Kent estuary. The village of Storth is nearby, together with Milnthorpe and Arnside. In addition, the Lake District National Park as well as Arnside & Silverdale National Landscape, Gait Barrows National Nature Reserve, Fell End Nature Reserve and other places of historic and nature significance are all within easy reach.

Access is via a private driveway off Park Road/Watersedge (B5282) between Kingfisher House and Heron's Quay, leading to four parking spaces at the rear of the property. There is also a secondary access to the rear from Quarry Lane.

The property offers an opportunity to increase rental income over time with a fully let ERV of £34,020 per annum and, subject to obtaining the necessary consents, the potential to create additional accommodation by converting the double garage and potentially reconfiguring the duplex apartment.

For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Westmorland and Furness Council, South Lakeland House, Lowther Street, Kendal, LA9 4DQ. Tel: 0300 373 3300. Email: planning4@westmorlandandfurness.gov.uk

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.