Apartment
DRAFT DETAILS. A modern, two bedroom, apartment in a purpose built block. The property is situated in a quiet location off Catherine Street but is well serviced by a great range of local amenities including shops, restaurants and schools and gives easy access to the wide range of amenities on Melton Rd and the City Centre.
The property is currently let at £450 pcm / £5400 per annum and offers a return of over 7%. A ready made investment in a superb location.
The accommodation briefly comprises:
Laminate floor, electric heater and airing cupboard.
Laminate floor, electric heater, window to front and side aspects.
A range of base and wall units, stainless steel sink with drainer, space for appliances, ample work surfaces and window to the front.
Laminate floor, electric heater, window to rear.
Laminate floor, electric heater, window to rear.
Having a three piece suite comprising panel bath with shower over, w/c, wash hand basin, window to side, electric wall heater.
Car parking and communal gardens.
We have been informed that the lease is 125 years from May 1995.
Service Charge Approx £25 per month.
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.
