Terraced House
A mid-terrace property split into two flats, potential income when fully let is £13,740 per annum, based on comparable evidence.
The property comprises a one bedroom flat to the ground floor and a two bedroom flat above. The property has been entirely renovated throughout to a very high standard, with brand new carpets laid throughout.
The ground floor flat is generating a rental income of £550 per calendar month and the upper flat a rental income of £595 per calendar month. Combined rental income is £1,145 per calendar month.
Internally, the ground floor flat is comprised of entrance hallway, which gives access to the spacious bedroom, living room, fitted kitchen, bathroom and enclosed rear garden. The first floor flat is comprised of entrance hallway, which gives access to the living room, two spacious bedrooms, the fitted kitchen and bathroom.
Cavity wall, as built, no insulation (assumed)
Standard - 5 mbps, Superfast - 105 mbps and Ultrafast - 1139 mbps available
O2, EE, Three and Vodafone available
Please be advised that material information is currently not available. Buyers are referred to special condition 26 in relation to leasehold information. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
990 years from 14 June 1860. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
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.
Leasehold. Subject to tenancy.
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.
