End of terrace house
A mixed use investment property comprising of a Take Away, 4x one bedroom flats and workshop/store.
The property is well located in the centre of Hillstown and only 3 miles from the M1 motorway.
The site comprises of a ground floor Indian Take Away along with 4 flats above and a large garage/ store to the rear.
Each unit has its own utility supplies and meters and all tenants pay their own bills.
Offered fully let with an income circa £26,000 per annum.
There may be scope for a building plot to the rear by removal of the store / workshop. (subject to planning permissions)
Ground floor take away and restaurant premises with kitchen and stores to rear.
4x one bedroom flats all let at approximately £90 per week / £4700 per annum. Each one having gas central heating and UPVC double glazing. Each flat has its own meters and utility supplies.
A brick and breeze block unit with secure roller door. Located to the rear.
Small frontage. Large concrete rear yard / parking area.
There may be opportunity to form a building plot to the rear by removal of the large store/workshop. (subject to planning permission)
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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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