Terraced House
Offering a fantastic investment opportunity over three storeys, featuring three fully self-contained flats, all currently tenanted and generating a strong annual gross rental yield of approximately 8.6%, Each flat includes a double bedroom, a shower suite/bathroom, a kitchen, and a living space, providing comfortable accommodation for tenants. To the rear, a private enclosed garden adds further appeal. Situated in a prime location and fully let, this property is a highly lucrative addition to any investment portfolio.
The property is ideally situated, surrounded by numerous amenities and green spaces. It benefits from easy access to award-winning public transport, including the Wilkinson Street tram stop, and is conveniently located near major roadways such as the A6514, A610, and A611.
Construction - Solid brick
Flood risk - Medium
Mobile coverage - O2, EE, Three and Vodafone
Satellite and cable TV - BT, Sky and Virgin
Broadband - Standard, Superfast and Ultrafast
Current rental income - £425 per calendar month
Current rental income - £480 per calendar month
Current rental income - £450 per calendar month
- Heating Supply: Gas
- 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.
