Terraced House
Exceptional opportunity to acquire two well-maintained self-contained flats, ideally situated across three floors. The potential annual rental income is £14,340, resulting in an impressive yield of 15.9%.
The ground floor flat features one bedroom and is accessed from the rear. It is currently rented at £380.00 per month to a long-term, dependable tenant, while similar flats in the area typically rent for around £500 per month.
On the first floor, there is a two-bedroom self-contained flat that is currently unoccupied, with comparable rentals listed at approximately £695 per month.
In summary, 22a includes an entrance hall that leads to the bathroom and kitchen, with the lounge and bedroom accessible through the kitchen. There is also a small courtyard outside.
Meanwhile, 22 features an entrance leading to the first set of stairs, which takes you to the kitchen and a reception room/bedroom. A second set of stairs leads to the family bathroom and an additional bedroom.
The location offers convenient access to major road links, including the A38, and is just moments away from various local shops and amenities.
Freehold.
- Heating Supply: Gas Central, Double Glazing
- 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 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.
