Apartment
Offered for sale at a very a realistic and attractive guide price, is an extremely well appointed, two double bedroom second floor apartment, located within a beautiful purpose built gated development, enjoying a stunning tree-lined location, situated within literally yards of the historic and charming town centre.
The stunning development has well kept communal gardens with an allocated parking space (bay 29) along with visitors parking. There is a generous size communal entrance hall with slate flooring and lift with separate staircase.
The apartment itself has the benefit of being wooden double glazed with electric panel heaters and in brief comprises, entrance hall with storage cupboard, delightful open plan living kitchen lounge with an extensive range of quality built-in-appliances, master bedroom with luxury en-suite shower room, further double bedroom with fitted wardrobes and bathroom with three piece bathroom suite in white with shower.
The sale provides a genuine opportunity for a discerning purchaser looking to acquire an easy to manage, high yielding BTL residential investment opportunity. In our opinion the property has an estimated rental income of £825 per calendar month (£9,900 per annum) this represents an impressive 9% return based on the gross renal income.
We have been made aware by the seller that some mortgage lenders have refused to lend on this block of flats, as there is upgrading and refurbishment work needed to bring the building in line with current fire safety standards. We understand that these works are currently scheduled. Potential purchasers reliant on mortgage financing are advised to make all necessary independent enquiries with their chosen lender before bidding, as this will be binding. Further information regarding the scheduled works will be available in the legal pack.
11ft x 6 ft (please note this is an irregular shaped room).
16ft 8 x 15ft 5
14ft 4 x 12ft 9 into wardrobe
8ft 2 into shower cubicle x 6ft 1
10 ft into wardrobe x 10ft 5
7ft 7 x 5ft 7
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. 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.
