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Rectory Park Sturton by Stow, Lincoln Auction Guide Price £80,000

  • Stunning Conversion
  • Large Living Area
  • One Bedroom
  • High Quality Bathroom
  • Period Features
  • Allocated Parking

For sale by Modern Method of Auction; Starting Bid Price £80,000 plus Reservation Fee. Currently let at £450 pcm, giving a yield of 6.75%. Ground floor apartment, situated in a stunning conversion of part of the former Old Rectory in Sturton by Stow. Finished to an exceptional standard in accordance with the building's listed status. CALL NOW TO VIEW

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% + Vat subject to a minimum of £5000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. 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 Modern Method of Auction, which is operated by East Midlands Property Auctions powered by "iam-sold Ltd". TO VIEW OR MAKE A BID Contact Northwood Lincoln or visit: https://www.northwooduk.com/branches/lincoln-estate-agents/sales


Rectory Park Sturton by Stow
Lincoln LN1 2ZP
County: Lincolnshire
Sale Type: For Sale
Ref #: PN115

Rectory Park Sturton by Stow
Lincoln LN1 2ZP
County: Lincolnshire
Sale Type: For Sale
Ref #: PN115

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Rectory Park Sturton by Stow
Lincoln LN1 2ZP
County: Lincolnshire
Sale Type: For Sale
Ref #: PN115
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