Studio flat
The property would make an excellent buy to let investment and was recently let out at £425 pcm / £5100 per annum and therefore give a return of over 9%.
The block is well maintained throughout with secure entry, clean communal areas, lift to all floors, bike store, clothes drying area, ample parking with secure electric gates and lovely lawned gardens.
The flat is all electric and in good order with recent, UPVC double glazing, under floor heating and is south facing.
The property is leasehold but comes with a share of the Freehold which means no ground rent is payable and that increasing the lease can be done with no other cost other than the legal costs.
Service Charge approx. £24 PCM.
With secure entry door, stairs and lift, private front door leading to:
With door to all rooms and airing cupboard / storage space and laminate wood flooring.
With laminate wood flooring and south facing window overlooking the communal gardens.
With base and wall units, space for appliances, sink unit, and window to the rear overlooking the gardens.
White suite comprising Low Flush W.C. wash hand basin, panel bath with new electric shower over, part tiled walls and window to the rear.
Secure electric gates give access to a large car park with communal parking. There are lovely, well maintained gardens along with a secure bike shed and clothes drying area.
Leasehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
