End of terrace house
A freehold investment opportunity comprising two x one bedroomed apartments. Current gross income £12,000 per annum giving a 24% yield, based on the current guide price.
The property is located centrally within a predominantly residential area close to amenities with easy access to the A1, M18 and all other motorway links.
32 Royston Avenue – Currently let producing £500 per calendar month on a 6 month Assured Shorthold Tenancy holding over.
32a Royston Avenue – Currently let producing £500 per calendar month on a 6 month Assured Shorthold Tenancy holding over.
Total combined income - £1,000 per calendar month (£12,000 per annum).
Interested parties are advised to inspect the legal pack for more information.
O2, EE, Three and Vodafone are available in this location.
Standard 15 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
BT, Sky and Virgin are available.
Solid brick with internal insulation.
Freehold. Subject to tenancy.
- Heating Supply: Air Source Heat Pump
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 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.
