Block of Apartments
A substantial property offering ten apartments arranged over two floors.
The flats are all self-contained and have their own utility supplies and meters.
Offered fully let with a rental income of £41,760 per annum.
The property offers scope for modernisation and improvement and therefore a potential to increase rent to around £60,000-70,000 per annum, based on comparable evidence.
3x one-bedroom flats and 7x studio flats.
Parking to the front and large rear garden.
Well placed for a wide range of local amenities and giving easy access to the City Centre.
Due to the property being fully let no internal viewings will be conducted.
Lounge/kitchen/bedroom and separate bathroom
Lounge/bedroom, kitchen and shower room
Lounge, kitchen, bedroom, shower room
Lounge/bedroom, kitchen and shower room
Lounge/ Kitchen/ Bedroom and Shower Room
Lounge/kitchen/bedroom and shower room
Lounge/kitchen, bedroom one, bedroom two (off bedroom one) and shower room
Lounge, kitchen, bedroom, bathroom
Lounge/bedroom, kitchen and bathroom
Lounge/kitchen/bedroom and shower room
Parking to front. Large rear gardens.
Standard brick (assumed)
Standard - 6 mbps and Ultrafast - 1000 mbps available
O2, EE, Three and Vodafone available
Freehold. Subject to tenancy.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Driveway
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 4.8% 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.
