Apartment
A ground floor one bedroomed purpose built apartment with a secure central courtyard and ample car parking to the rear.
The Auctioneers have not inspected the property but believe it to comprise:
We are informed the property is leasehold and has approx 100 years left. The property is subject the service charge and ground rent. We have been advised that in 2018 the service charge was £1,066, ground rent was £499 and insurance £408. The auctioneers have not verified this information, therefore, all interested parties are advised to refer to the legal pack for further clarification.
We are informed the property is sold subject to an Assured Shorthold Tenancy producing an income of £450pcm. The Auctioneers have not verified the tenancy agreement and interested parties are advised to seek clarification from the legal pack.
Leasehold.
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.
