Apartment
Property Description:
Investment opportunity to acquire a 2 double bedroom apartment in a prime residential location currently generating £11,400 a year in rental income which is an impressive 16% return against the guide price
The property is located on the 2nd floor and briefly comprises an entrance hall, open plan 20ft kitchen/living/dining room, 2 double bedrooms and a bathroom
The property is centrally located close to a wide range of local amenities, shops, restaurants and has excellent transport links
Hall
Open Plan Living/Dining/Kitchen 20ft 8 x 9ft 10
Beds 1 13ft 1 x 8ft 6
Beds 2 13ft 1 x 6ft 7
Bathroom 7ft 3 x 5ft 7
Flood Risk
Surface water Very Low
Mobile Phone Coverage
O2, EE, Three and Vodafone
Construction Material
System built, as built, no insulation
Broadband
Standard and Ultrafast available at this location
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure:
Leasehold. Subject to tenancy.
Ground Rent
£200
Unexpired Years
115
Utilities Information
- Heating Supply: Double Glazing, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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.
