House of Multiple Occupation
An excellent opportunity to acquire a fully licensed five bedroomed, three storied HMO property conveniently positioned for the city centre and Intu shopping centre.
Currently the property is part let, part vacant however as from 1st July 2021 the property will be on a new AST contract of £25,999.92 per annum (£433 per room per month). This will represent a 12.9% return based on the guide price and will surely appeal to local and national investors/landlords.
Internally the well equipped living accommodation has the benefit of sealed unit uPVC double glazing, gas central heating and in brief comprises entrance hall, spacious kitchen diner, lean-to/workshop and two double bedrooms. To the first floor landing there are two double bedrooms, a bathroom and a shower room and to the second floor a loft room/bedroom. Outside to the front there is a walled fore court and gated driveway with carport to the side. To the rear there is an enclosed garden.
The property is situated in the context of an established residential location always a popular choice with landlords and families.
Entered by door to side, central heating radiator.
Fully fitted kitchen with built in appliances, door to Cellar and central heating radiator.
With plumbing for washing machine and doors to front and rear.
With bay uPVC double glazed window to the front elevation and central heating radiator.
With uPVC double glazed window to the rear, sky-light and central heating radiator.
With central heating radiator.
With uPVC double glazed window to the rear elevation and central heating radiator. Please note we could not gain access to this room.
With uPVC double glazed window to rear elevation and central heating radiator.
With obscure uPVC double glazed window to the side elevation. Affording a low level wc and wash hand basin.
With an obscure double glazed window in uPVC frame to the side elevation. Fitted with a three piece suite comprising panelled bath with mixer tap shower attachment, low level wc, pedestal wash hand basin and tiling to walls.
With double shower, low level wc and wash basin, central heating radiator and tiling to walls.
Having -
With dormer double glazed window to the front and rear elevations and two central heating radiators
To the front there is a walled fore court and with driveway and carport to the side. To the rear there is an enclosed garden.
As from 1st July 2021 all individual rooms will be let at £433 per room (£2,166.66 per calendar month). This equates to an overall income of £25,999.92 per annum.
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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