Apartment
An excellent investment opportunity to purchase a two bedroom, 3rd floor apartment within a purpose built block, in a popular residential location.
With the potential for in excess of £10k per year in rental income this is an ideal investment not to be missed by any investor. Offering an excellent return on investment with a superb high yield of 20% against the guide price.
The property has an open plan kitchen/living/dining room, two bedrooms, large modern bathroom, communal gardens and has a wide range of local amenities close by. The property further boasts an integrated eye level oven, residents parking and a Juliet balcony.
Viewings are available.
Construction Material: System built, as built (Apartment). Heating: Room heaters, electric. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and Vodafone show as high in this area, and EE and Three as medium. Satellite and Cable - BT and Sky show as available in this area.
The vendor has informed us the annual ground rent is £200, then doubles every 25 years (£400 from 2037). We have been informed the lease term is 125 years from 1st November 2012. Please refer to the legal pack. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Leasehold. Vacant possession upon completion.
£200
113
£1,619
- Heating Supply: Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Residents
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.
