Maisonette
A two bedroom investment property currently generating a handsome return with an income of £7,200 per year equivalent to 12% return based on the guide price.
This two bedroom ground floor maisonette briefly comprises a lounge / diner, separate kitchen, 2 bedrooms, bathroom and gardens to the front and rear.
The property is currently let at £600 pcm and has potential to increase in the future making this an attractive BTL property for an investor.
We have been advised by the seller there is a long lease with 130 years plus left on the lease. There is no ground rent or service charge to pay. Please refer to the legal pack for further information and confirmation.
We have been advised the buyer will acquire a 25% share of the freehold interest of this property and the other 3 maisonettes in the block.
Construction Material: Standard brick. Flood Risk: River and seas - Low. Surface Water - High. Heating: TBC. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT, Sky and Virgin show as available in this area.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
- 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 and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum 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.
