End of terrace house
Property Description:
This investment property has been recently renovated to a high standard and is now generating a handsome NET income of £12k per year offering a superb return for any savvy investor.
This property has been refurbished and reconfigured to offer 4 bedrooms (two of which are ground floor), reception hall, refitted kitchen and bathroom. There is also further scope for development with a garage to the side.
The property is subject to a 36 month tenancy generating a net income of £1,000 pcm making this a good investment opportunity.
The location is in the heart of the centre and has many amenities, shops, restaurants and a supermarket on the doorstep.
Reception Hall
Kitchen
4 Bedrooms (2 Ground Floor + 2 1st Floor)
Bathroom
Tenure:
Freehold. 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.
