Terraced House
DRAFT DETAILS AWAITING VENDOR APPROVAL.
Conveniently positioned for the city centre is a two bedroomed mid-terraced property which represents an excellent student/buy-to-let investment opportunity. We are informed by the seller the property has recently been rented to students. Previously there were three lettable rooms producing £320 per calendar month including bills, this equating to £10,560 per annum.
Internally the property requires a scheme of improvement and upgrading and the gas centrally heated living accommodation consists of entrance hall with staircase to first floor, dining room/occasional guest bedroom, generous sized rear sitting room and fitted kitchen with patio doors leading out onto the garden. To the first floor the passaged landing leads to two well proportioned bedrooms and a bathroom. To the rear there is a good sized enclosed garden enjoying a westerly aspect.
The property is situated in the context of an established residential location always popular with first time buyers and landlords/investors. The property is situated within walking distance of the city centre and the fashionable Friar Gate area well known for its artisan architecture and public houses/restaurants. Excellent freehold investment opportunity.
With doors to front reception room and lounge along with stairs to the first floor.
The smaller reception room, carpeted with access down to the cellar, window to front, radiator.
Laminate flooring with feature fireplace, window to rear and door into kitchen, radiator.
Wall and base units with roll top work surfaces over, inset sink, tiled splashbacks with space for washer, cooker and fridge freezer, patio doors opening out into rear garden.
Carpeted with doors to both bedrooms and the bathroom.
Carpeted with built in wardrobe, window to front elevation, radiator.
Carpeted with built in wardrobe, window to rear elevation, radiator.
White suite comprising of low level wc, wash hand basin and bath, tiled splashbacks, frosted window to rear elevation and built in airing cupboard, radiator.
To the rear there is a good sized private enclosed garden mainly laid to lawn.
Freehold.
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.
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