Flat
A two bedroom apartment in this modern purpose built development.
The property is well presented throughout and benefits from double glazing and electric heating.
Well placed within the City Centre with a huge range of shops, bars and restaurants close by and excellent public transport links to the Universities and Queens Medical Unit.
The property is currently let on an assured shorthold tenancy agreement at £1054 pcm / £12,648 per annum.
An ideal buy to let investment with income from day one.
We have been made aware this property is in the Canning Circus conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
999 years and one month from 25 December 2000. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Rivers and Seas No Risk. Surface Water Medium
O2, EE, Three and Vodafone are available in this location.
BT and Sky are available in this location.
Standard 16 mbps. Superfast 80 mbps. Ultrafast 1000 mbps
System built, as built, insulated (assumed). Information taken from EPC.
We have been informed that the building is having its cladding upgraded in accordance with the issue of the relevant safety certificate. The cost of this is being covered by Barratts the builders and will not incur cost for the new owner. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Leasehold. Subject to tenancy.
£250
975
£1,700
- Heating Supply: Double Glazing, Electric
- 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 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.
