Town house
An excellent freehold investment opportunity to acquire a very attractive four storied town house converted to six, one and two bedroomed self-contained luxury apartments enjoying a leafy location situated close to the city centre and Intu shopping centre.
We understand four of the flats are now let producing a combined income of £26,280 per annum, details of which are below.
The six self-contained flats have been upgraded to include entry hone system, new wiring and plumbing and modern kitchens and shower rooms throughout yet retains much of its original character including mosaic flooring to communal hallway, high ceilings and fireplaces.
The property enjoys a highly convenient location surrounded by similar style properties and is situated within easy reach of the city centre. Excellent high yield investment opportunity.
Let at £495 pcm. An open plan flat with mezzanine sleeping area, separate kitchen and shower room.
Rental valuation - £700 per calendar month. Two bedroomed apartment with open plan living room/kitchen its own access out into the garden. NB. We have not been able to gain access to this flat but will be available for viewing from 19th September.
Let at £550 pcm. Two bedroomed apartment with open plan living room/kitchen and shower room.
Let at £595 pcm. Outstanding two bedroomed duplex apartment with two en-suite bedrooms and large open plan living room/kitchen with Juliet balcony.
Let at £550 pcm. Two bedroomed apartment with open plan living room/kitchen and shower room.
Rental Valuation - £475 per calendar month. Requires upgrading. One bedroomed flat with own private access from front, en-suite shower room, living room and separate kitchen.
The seller informs us that the property benefits from being fully rewired, has a new three phase electricity supply and fire safety certification.
The Auctioneers have not yet had sight of the tenancy agreements but understand the flats are let producing the following incomes:
1. 495pcm
2. Vacant.
3. Let at £550pcm
4. Let at £595pcm
5. Let at £550 pcm
6. Vacant. Needs work
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.
