Mixed Use
Mixed use building with a 2 bedroom flat over shop premises, with an opportunity for conversion to one bedroom flat via planning permission (as many others on the road have done). Good size yard to rear with parking space via gated alley access. 2 small lockable outbuildings in yard. Access to flat via the front door with shared vestibule area.
This property has excellent transport links and is walking distance of local shops and schools.
The property will be sold with vacant possession and has been rented out before for £500 and £400 respectively, which is £900 PCM, and based on guide price, is a potential 20% yield once developed!
Downstair Shop Space
Currently empty but could be converted into a one bedroom flat (subject to planning permissions) as many other properties have on the road. Property is in need of refurbishment so it is a blank canvas, perfect for investors.
Upstairs 2 bedroom Flat
A well-proportioned, larger than expected, flat with a second bedroom in the loft space with added dormer for additional head height. Access is via approved staircase. Property is in need of refurbishment so it is a blank canvas, perfect for investors. Double glazed windows throughout.
(with more useable space in eaves, cupboard and behind stairs)
Vacant.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price
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.
