House (unspecified)
A two storey mixed use property standing on a corner plot.
The property comprises of a ground floor retail shop with a spacious one bedroom self-contained flat above.
Situated in a desirable village location the property would make an excellent investment opportunity.
Large loft space with scope for conversion.
The flat is let on an assured shorthold tenancy at £475 pcm / £5700 per annum. The current market rent for the flat should be in the region of £700 pcm / £8400 per annum.
The ground floor shop will be offered with vacant possession as the tenant is retiring who has been in occupation for 14 years. Estimated rental value of £11,000 per annum.
There is an interested party who wishes to lease the shop premises and contact information will be passed to the purchaser.
Total estimated current rental value of £19,400 per annum.
With display windows to front and side aspects and central doorway.
Having cupboard storage, sink unit, worktops, space for fridge and large walk in store.
With low flush w.c. and wash hand basin.
With windows to front and side, radiator and feature fireplace.
With modern base and wall units, sink, worktops, integrated oven and hob and window to front aspect.
With radiator, loft access and window to side.
Having a modern suite comprising low flush w.c. wash hand basin and P shaped shower bath with shower over. Radiator and window to side.
Small yard / bin store are to rear.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
- Heating Supply: Double Glazing, Gas Central
- 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.
