House of Multiple Occupation
A freehold block of 4 student apartments offering a total of 19 letting bedrooms.
Situated in a highly regarded location, the property sits on a leafy, tree lined street in a great letting location for University students.
The building offers 4 cluster flats - 4x 5 bedroom flats and 1x 4 bedroom flat.
Offered fully let with a combined income of £9963 pcm / £119,556 per annum, exclusive of bills. Approx. 10% Return.
Some of the current students pay circa £25 pppw on top of the current rent for utilities, paid direct to provider.
The property has been granted a Lawful Development Certificate for 4 existing C4 Houses in Multiple Occupation (one on each floor).’
Parking to the front and rear garden. In good order and fully decorated throughout in Summer 2024.
Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room
Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room
Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room
Four bedrooms, Open plan lounge / kitchen and Bathroom.
Parking to front and enclosed rear garden.
O2, EE, Three and Vodafone are available in this location.
BT and Sky are available in this location.
Standard - 8 mbps. Superfast - 80 mbps. Ultrafast - 1000 mbps.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- 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.
