Mixed Use
A superb investment opportunity to purchase a mixed use property comprising of two self-contained flats and a two storey office block to the rear.
Currently the flats are let at an income of £8088 per annum to long term tenants. The current market rent for the two flats would be £10,000 per annum.
The office block to the rear have recently been converted and are in perfect order and are being sold vacant. The office block could be let as a whole or split into a first and second floor suites. There is also scope to convert to residential subject planning. The rental income from the office would amount to around £5000 per annum.
The flats and offices all have their own utility supplies and meters.
The whole site has been well maintained and is in superb order throughout.
Lounge 3.84m x 3.34m
Kitchen 4.95m x 2.40m
Bedroom 3.04m x 3.83m
En-suite With Toilet, sink and shower cubicle.
Enclosed small patio garden.
Landing
Lounge 3.95m x 3.35m
Kitchen 4.00m x 2.80m Average
Bedroom 3.31m x 3.02m
Shower Room
Secure gates lead to a concrete yard area which in turn leads to the converted office block.
Open plan office space 12.07m x 3.93m
Kitchen Area
Toilet
Open plan office space 12.07m x 3.93m
Kitchen Area
Toilet
Freehold. Part let/part vacant.
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.
