Block of Apartments
A large three storey villa offering four Self-contained apartments.
The property is in general good order and has a fire alarm system. Each flat has gas central heating and their own meters and utility supplies.
The property also backs onto Livingstone Street and has a garage to the rear. Numerous neighbouring properties on Fosse Rd South have built further flats and residential buildings to the rear with access of Livingstone Street and this is a possibility for this property
subject to and planning permission required.
The property is fully let with an annual rental income of £17,040 per annum. The tenants have all been in residence for a number of years and are on assured shorthold tenancy agreements.
We believe there is scope for rental increase and feel the estimated full rental income in todays market would be around £20,000 per annum.
Hall
Lounge
Kitchen
Bedroom
Bathroom
Hall
Lounge
Kitchen
Bedroom
Bathroom
Hall
Lounge
Kitchen
Bedroom
Bathroom
Hall
Lounge /Bedroom
Kitchen
Bathroom
Small garden to the front. Rear garden with patio area.
Garage with doors fronting Livingstone Street.
Potential for further development of the rear garden in to two flats subject to planning permission.
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.
