Flat
A large, 3 bedroom apartment in an attractive period building.
The flat is in good order throughout and is being sold subject to an existing tenancy.
Let on an assured shorthold tenancy at £475 pcm / £5700 per annum.
Well placed for a great range of local amenities including shops, parks and schooling and withing easy reach of the Town Centre and BAE systems.
A great, high yield, investment with income from day one.
The auctioneers have not inspected the property internally but believe it comprises Hallway, Lounge, Kitchen, 3 Bedrooms and Bathroom. We are informed it is well presented throughout.
We have been made aware this property is in the Barrow Island conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
99 years and 3 days from and including 1 October 2011, Exp. 4 October 2110. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
O2, EE, Three and Vodafone are available in this location.
BT and Sky are available in this location.
Standard 4 mbps. Superfast 80 mbps. Ultrafast 10000 mbps.
Solid brick, as built, no insulation (assumed). Information taken from EPC.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
85
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.
