DRAFT DETAILS. An excellent investment opportunity. A brick built two story four bedroomed property with integrated but separate commercial unit under a pitched slate tile roof. There is a small yard to the rear of the property. The residential element has recently been redecorated throughout with new wiring and double glazing throughout. The premises benefits from two reception rooms and newly fitted kitchen on the ground floor with 4 bedrooms and a family bathroom on the first floor. The residential element has an annual passing rent of £7200p.a.
The retail unit is under refurbishment but nearing completion. The shop has been let on a 10 year lease with the tenant taking up occupation in April 2018. The passing rent is £80 per week (£4600 p.a)
The combined rental income is £11,800 p.a.
19.9m2 (214sq ft) with bay window to the front
13.4m2 (144sq ft)
8.7m2 (94sq ft)
17.4m2 (187sq ft)
17.1m2 (184sq ft)
10.9m2 (117sq ft)
2.76m2 (30sq ft)
33.2m2 (357sq ft)
Small yard area to the rear of the property
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
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.
