Semi-detached house
Offered with immediate vacant possession is a late Victorian four/five bedroomed former HMO property with accommodation arranged over three floors. We would anticipate a rental income of circa £17,500. This would represent a 12% return based on the guide price.
Internally the spacious living accommodation has the benefit of uPVC double glazing, gas central heating and consists of side entrance hall with staircase to first floor, communal lounge, fitted breakfast kitchen room with built in appliances, second reception room currently being used as a bedroom and a modern fitted shower room. To the first floor there are three double bedrooms and a bathroom with three piece suite in white with shower. To the second floor there is an attic room/fifth bedroom. Outside there is a small forecourt with brick built low level wall and an adjacent driveway leading to an enclosed low maintenance rear garden.
The property is situated in the context of an established residential location always a popular choice with landlords and is conveniently positioned for the city centre and Intu shopping centre. Excellent freehold residential investment opportunity.
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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