House of Multiple Occupation
DRAFT DETAILS
An excellent high yield investment opportunity to acquire a well equipped five bedroomed HMO property, situated within literally yards of the town centre currently producing £20,020 gross per annum.
Internally, the well-maintained character living accommodation has the benefit of sealed unit upvc double glazing and briefly comprises communal entrance hall with Minton tiled flooring, staircase to first floor, two double bedrooms, a communal lounge, fitted kitchen and utility, rear lobby and guest wc. To the first floor landing there are four double bedrooms,two well equipped shower rooms and a kitchen. Outside to the front there is hard standing and to the rear an enclosed garden.
The property is situated within the context of an established location, always popular with landlords and investors.
The accommodation comprises:
21ft 7 x 6ft 10
Entered by door to front, storage heater, Minton tiled floor covering and staircase to first floor.
14ft 11 into chimney recess x 13ft 8
With sealed unit double glazed window in upvc frame to front elevation and hand wash basin.
15ft 3 into chimney recess x 14ft 4
With sealed unit double glazed window in upvc frame to rear elevation and hand wash basin.
13ft 8 x 11ft
With sealed unit double glazed window in upvc frame to side elevation.
12ft 10 x 11ft 8
Comprising a range of wall mounted cupboards with preparation surface, cooker point, plumbing for washing machine.
With door to garden.
With sealed unit double glazed window in upvc frame to side elevation, low level wc.
With sealed unit double glazed window in upvc frame to side elevation.
14ft 7 into chimney recess x 13ft 8
With sealed unit double glazed window in upvc frame to front elevation, built in cupboard and hand wash basin.
15ft 5 into chimney recess x 14ft 3
With sealed unit double glazed window in upvc frame to rear elevation, built in cupboard and hand wash basin.
15ft 2 into chimney recess x 13ft 5
With sealed unit double glazed window in upvc frame to rear elevation and hand wash basin.
With sealed unit obscure double glazed window in upvc frame to side the elevation comprising a shower cubicle, low level wc, pedestal wash hand basin, complementary tiling to the walls.
With sealed unit obscure double glazed window in upvc frame to side elevation comprising a shower cubicle, low level wc, pedestal wash hand basin and complementary tiling to the walls.
15ft 6 max x 8ft 11
With sealed unit double glazed window in upvc frame. The fitted kitchen comprises a range of wall mounted cupboards, base units, drawers and preparation surface, stainless steel sink and drainer. Stainless steel oven and cooker hood, breakfast bar, plumbing for washing machine.
To the front there is a hard standing space and to the rear there is an enclosed garden and garage.
Freehold. Subject to tenancy.
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.
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