House of Multiple Occupation
The property is a detached Victorian/Edwardian era property set up as an HMO which appears to have been possibly a vicarage linked to the nearby St Marks Church.
The accommodation is over two floors plus basement and comprises: hallway, two main reception rooms, an open plan kitchen/dining room and a shower room on the ground floor, the first floor having been altered to provide 5 bedrooms and a large bathroom, the main bedroom having an en-suite. The basement has been mostly converted and has two main chambers with a bathroom with access from the front of the property and also internally. Externally there is a driveway located to the rear elevation with a further smaller driveway and gardens to the front and side. The property is set up as an HMO but will be easily converted to flats (subject to permission) or back to a single dwelling. The main accommodation is in good order decoratively and also benefits from recent bathroom and kitchen refurbishments. The property as a single dwelling we would expect to rent for at least £1,500 per month and as an HMO could generate around £30,000 per annum.
Please note driveway is on a separate title which will be merged on sale, please see legal pack.
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 2.2% 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.
