House of Multiple Occupation
DRAFT DETAILS - Nine bedrooms, seven bathrooms/en-suites, two kitchens. Situated in a great letting location close to numerous employment sites and the city centre.
The property is in excellent order and finished to a very high end standard throughout. Modern kitchens, modern bathrooms, new carpets and décor. Other benefits include gas central heating and uPVC double glazing.
Fully compliant. Full HMO licence.
The property makes a great investment with eight out of the nine rooms already let, with an annual income of £35,100 per annum and therefore offering a return of nearly 12% at the current guide price. Income once fully let in excess of £38,500.
A ready made, low maintenance investment with income from day one.
Reception Hallway
Large Communal Space incorporating lounge and dining areas and two kitchen areas.
Bedroom One
Bedroom Two
Bedroom Three
Communal Shower Room
Landing
Bedroom Four with en-suite
Bedroom Five with en-suite
Bedroom Six with en-suite
Bedroom Seven with en-suite
Bedroom Eight with en-suite
Bedroom Nine with en-suite
Well maintained gardens to the front and rear.
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.
