Ground floor flat
A freehold two bedroomed ground floor flat. The property is situated on a residential road close to local amenities offering good transport links. The sale also includes the freehold interest of the first floor flat, 38 Marshall Wallis Road.
The Auctioneers have not inspected the property but believe it to comprise:
Please note for clarification purposes this property is the freehold interest in 2 flats being known as 38 and 40 Marshall Wallis Road, with possession of the downstairs flat number 40 only, but subject in relation to 38 Marshall Wallis Road to a lease dated 20th June 2011 being for 999 years from 10th June 2011.
The leasehold interest in 38 Marshall Wallis Road is not included in the sale. No ground rent is payable.
We understand the property is subject to an Assured Shorthold Tenancy for a term of 3 years commencing 7th September 2019 at a rent of £5,200 per annum.
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.
