Mixed Use
The property comprises a retail shop to the ground floor, a one bedroom self-contained flat above and three advertising hoardings, and is situated on a major route in and out of the town, next to a highly populated student area.
The sale is due to retirement and the shop will be sold with vacant possession. The flat and advertising Hoardings are let and bring in an annual rental income of £7,110 per annum. The estimated rental income once fully let is £15,000 per annum, giving a return of 13% if purchased at the current guide price.
There is scope to potentially develop the shop into a further apartment, subject to gaining the relevant permissions.
A great investment in a popular location.
Completion will take place 6 weeks from exchange.
Let at £450 pcm.
Let at £1,100 per annum.
Let at £360 per annum.
Let at £250 per annum.
There is a rear yard / parking area for 1-2 cars.
Freehold.
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.