Residential Development
The property comprises of 1 x terraced house, 4 x flats and 3 garages.
A freehold investment offered part let / part vacant.
The four flats are currently let giving an income of £17,820 per annum.
The terraced house is currently vacant. Estimated rental vale of £495 per calendar month / £5,940 per annum.
Total rental income once fully let is £ £23,760 per annum.
The garages offer further letting potential or scope for conversion to further flats, subject to planning permission.
A two bedroomed terraced house, offered with vacant possession.
Let at £345 per calendar month.
Let at £395 per calendar month.
Let at £350 per calendar month.
Let at £395 per calendar month.
There are three single garages to the rear of the site with access off York Street. The garages offer potential for further letting income or have scope for residential conversion (stpc).
To the rear of the house and flats is a lawned garden and yard area.
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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