Block of Apartments
All in good order and fully let.
A two bedroom maisonette, a one bedroom flat
and a studio apartment.
The property is located on corner of Dixon Street & Bakery Street. Flat A entrance is from Dixon Street & Flats B and C have entrances on Bakery Street. Ideal to purchase & sell each flat individually. Well placed for a good range of local amenities including shops, parks and bus routes. Doctors, pharmacy, High Street & Mill Lane Primary School, Wellington Square and Castlegate shopping centres are nearby.
Benefits include gas central heating, uPVC double glazing and rear yard.
Giving a combined rental income of £16,640 per annum and a return of around 24%.
Each flat has its own electric & gas meters. Gas & electric certificates in legal pack.
A perfect addition to any rental portfolio.
Accommodation comprises-
Two bedroom maisonette which briefly comprises of entrance, lounge, kitchen, bathroom/wc, first floor landing, two bedrooms, on street parking and rear yard.
A one bedroom ground floor flat which briefly comprises of entrance, lounge and dining room, kitchen, one bedroom, bathroom/wc and small yard area.
A studio which briefly comprises of entrance, lounge/bedroom, kitchen, bathroom/wc.
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.
