Apartment
The property is in excellent order throughout and is current let out on an assured shorthold tenancy. The rental income is £450 pcm / £5,400 p.a. offering a return of approximately 8%.
The apartment has its own rear garden and also a cellar offering scope for conversion into further accommodation subject to any required consents.
In more detail -
With fireplace and bay window to the front aspect.
Having been refitted with a range of modern units, worktops, stainless steel sink unit, spaces for appliances, window to the side and door to the rear lobby.
With door to the garden
With a range of built in wardrobes and window to the rear aspect.
Having a modern white suite comprising low fluch w.c. wash hand basin, panelled bath with shower over, part tiled walls and window to the rear.
The apartment also benefits from its own private garden to the rear with seating area, flower beds, brick store and being enclosed by brick walling.
Leasehold. 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.
