Ground floor flat
In brief there is a communal entrance hallway and the studio flat itself consists of a lounge/bedroom with an opening through to a kitchen, a walk-in dressing area with shower room. Outside there are communal grounds with an adjacent allocated parking space.
In our opinion the property is capable of being rented at approx £375 pcm (£4,500 pa) giving an income of over 12% return.
The property is situated within walking distance of local shops and is always a popular choice with first time buyers, landlords and investors.
With sealed unit double glazed window in uPVC frame to the front elevation and opening through to the kitchen.
With sealed unit double glazed window to the side elevation. The fitted kitchen has white units comprising a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer with splashback tiling. There is a cooker point, plumbing for washing machine, space for fridge freezer and airing cupboard with louvred doors.
With floor-to-ceiling fitted wardrobes, wood grain effect laminate floor covering and access through to the shower room.
Consists of a shower cubicle, low level wc, vanity wash hand basin, complementary tiling to the walls and extractor fan.
There are communal grounds with an adjacent allocated parking space.
To comply with the Estate Agents Act 1979, interested buyers/purchasers are informed that the seller is an employee of the SDL Group.
Leasehold.
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.
