Terraced House
An excellent opportunity to acquire a substantial terraced house which has been converted into two, two bedroomed self-contained flats with a combined income of £14,400 per annum. This represents a 16% return based on the guide price.
Flat One - Internally there is a communal entrance hall with Minton tiled floor covering and flat one consists of a passaged hallway, two double bedrooms, an open plan living kitchen with built in appliances and a bathroom with suite in white with shower. Outside there is a yard with a timber shed. Flat one is let at £7,800 per annum.
Flat Two - the auctioneers were unable to gain access however we are informed by the seller that the accommodation is a similar layout to the ground floor flat and we believe it comprises a passaged landing, two bedrooms, open plan living kitchen and bathroom. Flat two is let at £6,600 per annum.
The property is surrounded by similar style properties situated within walking distance of the city centre and the fashionable Friar Gate area.
With Minton tiled floor covering, moulded coving to ceiling.
Comprising -
Giving access to -
With uPVC double glazed window to the front elevation, laminate floor covering and central heating radiator.
With uPVC double glazed window to the rear elevation, laminate floor covering and central heating radiator.
With uPVC double glazed window to rear and side elevation and glazed door leading out onto the garden. The fitted kitchen comprise a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling, integrated appliances comprises an electric oven with a four ring hob, cooker hood, wall mounted combination boiler, plumbing for washing machine, laminate floor covering and central heating radiator.
Flat one is let producing £7,800 per annum.
The auctioneers were unable to gain access, however we are informed by the seller that the accommodation is similar to that of the ground floor consisting of -
Flat two is let producing £6,600 per annum.
To the rear there is a yard with timber shed.
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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