Semi-detached house
DRAFT DETAILS AWAITING VENDOR APPROVAL. Situated close to the city centre is an imposing large bay windowed three storied house divided into six well maintained units being part let on assured shorthold tenancy agreements currently producing £18,220 gross per annum. Combined potential income circa £30,000 per annum.
Importantly the property has recently been upgraded with a new gas central heating system (March 2019) and in recent years the current owner has made significant improvements to the property and has a mixture of one bedroomed self-contained studio flats and bed-sitting rooms with shared facilities along with a separate boiler room/storage room. All units have the benefit of gas central heating and uPVC double glazing and the accommodation is as follows -
With staircase to first and second floors.
Having bedroom, living area with fitted kitchen and plumbing for washing machine. Please note this room is currently vacant.
Having bedroom, living area with fitted kitchen and plumbing for washing machine. Please note this room is currently vacant.
Having bedroom, living room with separate fitted kitchen area. This room is currently let on AST producing £90 per week with an extra £5.25 per week for utility bills. Gross rental figure £4,953 per annum to include utility bills.
There is a low level wc and wash hand basin shared by flats one, two and three.
Leading to -
Formerly Unit Four and which is used by the current landlord and may well lend itself to further conversion (stpc).
Having bedroom, sitting room with fitted kitchen area. Please note this room is currently vacant.
Having sitting room with kitchen area and separate bedroom. This is currently let on an AST producing £90 per week with £5.25 extra for utility bills. Gross rental figure £4,953 per annum .
With wc and wash hand basin. Shared by units five and six.
Leading to -
Having living room with kitchen area, bedroom, shower room, wc, wash hand basin. This is currently let producing £303 per calendar month (£3,336 per annum). Please note this a low rental income and we would anticipate a rental income of approximately £100 per week.
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.
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