Apartment
There are excellent transport links to the town centre and motorway network.
The property is currently let on an assured shorthold tenancy at £425 per calendar month/£5,100 per annum and therefore offering a return of over 11% at the current guide price.
The tenant has been served a section 21 notice but is happy to stay on as a tenant if the buyer preferred.
Benefits include gas central heating and allocated parking.
We are advised the property benefits from a 999 year lease and the yearly ground rent and service charge amounts to £250 per annum.
A superb addition to any rental portfolio.
With staircase off
Built in airing cupboard and radiator.
A spacious room having windows to the side elevation and radiator.
Wall and floor cupboards, work surfaces, sink unit, gas and electric cooker points, plumbing for an automatic washing machine, Worcester gas fired boiler serving the hot water and central heating, windows to the side and rear elevations, radiator.
Window to the rear elevation and radiator.
Three piece suite in white, comprising panelled bath with Mira shower over, low level W.C. and wash hand basin having mixer tap and cupboards under, tiled walls, extractor fan, chrome towel rail.
Allocated car parking space to the rear of the apartments.
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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