House of Multiple Occupation
An excellent buy-to-let investment opportunity to acquire a five bedroomed late Victorian HMO property currently producing £1,400 per calendar month situated close to Intu shopping centre and city centre. We are informed by the seller the property has a HMO license in place from 2019 and the uPVC double glazed, gas centrally heated living accommodation consists of entrance hall with inner hall with staircase to first floor, bedroom one, lounge, L-shaped fitted utility room with shower room and fitted kitchen with built-in oven. To the first floor landing there are four bedrooms and a bathroom. Outside to the rear there is a low maintenance garden.
The property occupies a popular and convenient cul-de-sac location surrounded by similar style properties always a popular choice with landlords/investors. Excellent freehold investment opportunity.
Entered by door to front, coving to ceiling with original archway and central heating radiator.
With staircase to first floor and door to cellar.
With sealed unit double glazed window in uPVC frame to the front elevation, moulded coving to ceiling, ornamental rose, hand wash basin and central heating radiator.
With sealed unit double glazed window in uPVC frame to the rear elevation, laminate floor covering, coving to ceiling, ornamental rose and central heating radiator.
With sealed unit double glazed window in uPVC frame to the side elevation. Fitted wall mounted cupboards in white with matching base units, preparation surface, vent for tumble dryer, plumbing for washing machine and central heating radiator.
Comprising a shower cubicle, low level wc, pedestal wash hand basin and extractor fan.
With sealed unit double glazed window in uPVC frame to the side elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, U-shaped preparation surface with sink and drainer, mixer tap, built in oven with hob. There is also an extractor fan, central heating radiator and door to rear.
Leading to -
With sealed unit double glazed window in uPVC frame to the rear elevation, pedestal wash hand basin and central heating radiator.
With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.
With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.
With sealed unit obscure double glazed window in uPVC frame to the side elevation. Fitted with a three piece in white comprising a panelled bath with shower unit over, glazed shower screen, low level wc, wash hand basin and complementary tiling to the walls.
With sealed unit double glazed window in uPVC frame to the rear elevation and central heating radiator.
To the rear there is a good sized enclosed low maintenance garden.
Bedroom One - £75 per week.
Bedroom Two - £75 per week.
Bedroom Three - £70 per week.
Bedroom Four - £65 per week.
Bedroom Five - £65 per week.
They are on an assured shorthold tenancy agreements until the end of June '20.
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.
