Terraced House
The property is close to the bars and restaurants on Narborough Road and within an easy walk to the city centre.
A great buy-to-let investment which would enhance any property portfolio.
The property is currently let out to a long standing tenant on an assured shorthold tenancy at £525 per calendar month / £6,300 per annum. We feel there is scope for rental increase. Estimated current market rent £650 per calendar month / £7,800 per annum.
In more detail, the property comprises -
With radiator, fireplace and window to front aspect.
Under stairs storage cupboard, radiator and window to rear elevation.
With fitted kitchen with a variety of drawer, wall and base units. Built in oven, gas hob and extractor, space provided for appliances. Window to side aspect and door leading to garden.
Leading to -
Radiator and window to front elevation.
Radiator and window to rear elevation.
With radiator and window to the side.
Low level wc, wash hand basin, bath with shower over, radiator and window to the rear.
A pleasant rear garden with rear gated access.
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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