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Terraced House
Enjoying views of a charming bowling green is a well equipped and nicely presented five bedroom HMO property (license now expired) situated within close proximity to the University Campus, the fashionable Friar Gate area and the city centre.
The property has recently become vacant and was previously producing a combined income of £21,840 per annum, which represents an impressive 13.2% return based on the guide price. In our opinion there is scope for rental increase.
The brick built property retains a wealth of character and charm throughout with the added benefit of being uPVC double glazed and gas centrally heated and in brief comprises; entrance vestibule, passaged entrance hall with Minton tiled floor covering, staircase to first floor, modern fitted guest cloakroom/shower room, two double bedrooms, well equipped fitted kitchen with a comprehensive range of built in appliances and brick built uPVC double glazed conservatory. To the first floor L-shaped landing, there is a master bedroom with en-suite shower room, two further bedrooms and bathroom fitted in a white three piece suite with shower. Outside to the front there is a small fore court and and an enclosed easy manage to garden to the rear.
Interestingly, the property is being offered for sale, fully furnished throughout and occupies a strong and very popular letting location.
The vendor has advised all the communal areas have LED down lighting.
Potential superb high yield residential investment opportunity.
33ft 4 x 3ft 1
6ft x 4ft 9
13ft 3 x 10ft 9 into chimney recess
13ft 2 x 10ft 11 into chimney recess
16ft 7 x 8ft 5
9ft 2 x 8ft
26ft 8 x 14ft 6
14ft 6 into chimney recess x 13ft 9 max
7ft 9 x 4ft 3
13ft 2 x 11ft 2 into chimney recess
9ft 8 x 8ft 6
6ft 2 x 5ft 5
Small fore court to the front and an easy to manage rear garden.
The property is being offered for sale fully furnished and is bought as seen. See legal pack for verification.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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.
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