Block of Apartments
This former office building has been converted in to three self-contained apartments finished to a high standard, including carpets, uPVC double glazing and new individual central heating systems, bathrooms and kitchens. Each apartment comprises an entrance hall, kitchen diner, double bedroom and storage.
The apartments occupy the first floor of a two-storey building and benefits from a spacious terraced garden as well as a separate communal entrance, accessed via a car park to the front of the building.
Fully let, the apartments could offer a potential gross income of circa £23,500 per annum. It is felt the apartments could also potentially be sold off separately, subject to setting up a management company and applying for any necessary permissions
The property is located along Bristol Road South in Northfield within the prime retail area above Cash Converters and St. Marys Hospice charity shop. The Northfield Shopping Centre is within walking distance with excellent bus and rail links within the vicinity.
We are advised that VAT will not applicable but please refer to the legal pack for further details.
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.
