Apartment
A one bedroom apartment with a balcony offering spectacular city views. Offering eight week completion time.
The apartment offers open plan kitchen/dining/living area with a modern and fully equipped kitchen and a light and spacious bedroom. There is a well-fitted family bathroom to complete the accommodation.
We have been provided with informed from the vendor that there is a potential rental income of £1,200 per month (£14,400 per annum) once let.
The auctioneers have not inspected the property but believe it to comprise:
We have been provided with information from the vendor that there is approx 113 years remaining on the lease. We have also been advised that there is approx £1,800 service charge per annum and £250 ground rent per annum. This information has not been verified, therefore, all interested parties are asked to refer to the legal pack for further information and seek legal advise should they have any queries regarding its content.
Leasehold. Vacant possession upon completion.
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.
