House (unspecified)
A freehold investment opportunity comprising of a ground floor retail shop with office / flat above.
The property has recently been converted and upgraded and is in excellent condition throughout.
The ground floor comprises of a retail shop with rear office/ store and toilet.
The shop is let at £10,000 per annum.
The upper floors are offered vacant but with an estimated rental value of approximately £9000 per annum.
Total estimated rental income of £19,000 - £20,000 per annum.
Situated in a busy parade of shops in the town centre.
A superb, high yield, investment opportunity in desirable location.
With large picture window, serving counter and sink unit.
With door to rear yard.
Having low flush w.c. and wash hand basin.
With stairs leading to first floor.
With stairs off.
With electric radiator and window to front aspect.
With base and wall units, sink, work surfaces, electric radiator and window to rear.
With low flush w.c. and wash hand basin.
With electric radiator.
Part open plan to the bedroom with large walk in shower, wash hand basin and Velux window.
Rear concrete yard with secure, shared gated access.
Freehold. Subject to tenancy.
- 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 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.
