Flat
This second floor two bedroom leasehold flat is situated in a popular village location within easy walking distance to local amenities. The property benefits from having gas central heating, garage, communal gardens and pleasant views to the rear. The accommodation briefly comprises of communal entrance, main entrance, living room, kitchen, two bedrooms and bathroom.
The property is currently let producing £5,700 per annum, representing an approximate gross yield of 10%.
An internal viewing is highly recommended to appreciate what is on offer.
Located on second floor, accessed via solid wooden door leading to:
2.77m x 2.13m - Fitted kitchen to include single bowl, single drainer, stainless steel sink unit, range of wall and base units, rolled edge worktops, plumbing for automatic washing machine, tiled splashbacks, storage cupboard with shelving, window to rear elevation.
3.81m x 3.45m - Telephone point, single radiator, window to rear elevation.
2.90m x 2.16m - Single radiator, window to front elevation overlooking the garden.
3.81m x 3.35 - Single radiator, window to front elevation overlooking the garden.
White suite comprising wooden panel bath, shower over, tiled surround, low level WC, pedestal wash hand basin, extractor fan, single radiator, frosted glass window to rear elevation.
To the front property gated access and pathway leads to main entrance, lawned area and mature trees enclosed by hedging surround. To the rear of the property single garage, bin store and clothes lines
We understand the property has been let to the same tenant for the past 3 years generating £475 pcm (£5,700 per annum). The Auctioneers have not verified the tenancy agreement and further details will be provided within the legal pack.
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.
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