Apartment
DRAFT DETAILS
The apartment requires some cosmetic modernisation but would make a great first time buy or superb buy to let investment. Situated on the ground floor with views over the communal gardens to the rear of the building. We believe the property also benefits from having an extended lease with 118 years remaining.
Well placed for the shops, bars and restaurants in the city centre and only two minutes walk the train station.
An ideal buy to let with an estimated rental value of £500 pcm / £6000 per annum. 10% Return.
The accommodation comprises in more detail:
With secure entry door.
With airing/storage cupboard, tiled floor and intercom system.
With electric heater, original carved stone column and window overlooking the gardens.
With base and wall units, sink, work surfaces with tiled splash backs and space for appliances.
Window to the rear, electric heater and built in wardrobe.
With low flush w.c. wash hand basin and panel bath with electric shower over. Fully tiled walls and floor.
Well maintained communal gardens with lawns and shrubs. Communal bin store.
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.
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