Apartment
An excellent buy-to-let investment opportunity to acquire a well equipped nicely presented one double bedroomed second floor apartment situated in The Old Vicarage on Swinburne Street which is conveniently positioned for the city centre and Intu Shopping Centre. The property is currently let on an assured shorthold tenancy producing £485 per calendar month (£5,820 per annum). This represents a 12.9% return based on the attractive guide price which will surely appeal to local and national investors.
Internally there is a communal hall accessed via secure entrance doors and with stairs leading to the second floor apartment. The apartment itself has the benefit of uPVC double glazing, gas central heating and in brief comprises an entrance hallway, a generous sized double bedroom, a particular feature is the open plan living kitchen diner with fitted units and built in appliances and a bathroom with suite in white including shower. Outside to the rear of the building there is one allocated parking space accessed from the street through security gates.
The property is situated in the context of an established residential location along a beautiful tree-lined road with some very attractive period properties and conveniently positioned for a wide range of amenities. Excellent investment opportunity.
The auctioneers have not inspected the property but believe it to comprise -
The building is accessed via secure entrance doors with access codes. The internal communal areas were redecorated in September 2020. The property is situated on the second floor.
With front door to communal hall, central heating radiator and laminate floor covering.
With uPVC double glazed window to the front elevation with blinds, carpet floor covering and central heating radiator.
Fitted with a three piece suite in white comprising a panelled bath with shower over, pedestal wash hand basin, low level wc, heated towel rail, laminate floor covering and tiling to the walls.
Comprising -
With uPVC double glazed window to the front with blinds. Having roll top work surface, wall and base units, stainless steel sink, integrated electric oven, integrated electric hob, over hob extractor, integrated washing machine, fridge, central heating radiator and tiled floor covering. Open plan through to the -
With uPVC double glazed window to the front elevation with blinds, carpet floor covering, television point and central heating radiator.
To the rear of the building there is one allocated parking space accessed from the street through security gates.
125 years from 1st June 2008 (112 years remaining).
Ground Rent - £250 per annum.
Service Charges from 2021 - £347.33 per quarter.
The apartment is let on an assured shorthold tenancy at £485 per calendar month (£5,820 per annum).
The photos are an indication of the accommodation on offer and have been supplied to us by the seller.
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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