Block of Apartments
The subjects comprise four flats located on the first and attic floors of an end terraced two storey and attic block containing four flats on the upper floors with the ground floor being occupied by a public house known as the Fittie Bar. The subjects were originally constructed around 1820’s and formed part of a mixed locality lying adjacent to Aberdeen Harbour. The main walls are constructed of pointed stonework with a pitched roof over which has been clad with slates and incorporates a number of dormer projections to the front and rear.
Flat A: Two bedroomed first floor flat currently let at £400pcm. (44 sqm)
Flat B: Three bedroomed first floor flat currently let at £600pcm (59 sqm)
Flat C: Three bedroomed second floor flat currently let at £490pcm (46 sqm)
Flat D: Three bedroomed second floor flat currently let at £540pcm (50 sqm)
The subjects are located on Wellington Street which is situated in
close proximity to Aberdeen Beach which has a number of rental and leisure operators close by commercial occupiers nearby include, Cineworld, Asda, Aldi and Cadonas. There are also good public transport facilities which makes the remainder of the city easily accessible and the property is also within walking distance of Union Square.
There have been a number of recent announcements of funding
being allocated to Aberdeen, which include, but not limited to:
• £150M regeneration of Aberdeen beach area
• £15M regeneration of Aberdeen City Centre
• £27M UK Funding towards the Energy Transition Zone
The flats are currently let on Short Assured Tenancy Agreements
and the current yearly rental being achieved is £24,360pa. The flats are currently managed by Easthaven who we believe
would be happy to continue this arrangement with a new owner.
The buyers fee for this lot is 3.6% subject to a minimum of £4,000
See Legal Pack. Part let/part vacant.
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”.
The auction can be watched in real-time on the auction date on our home page: https://www.sdlauctions.co.uk/
The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales).
Auction Type – Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
The following standard non-refundable fees apply:
- Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Applicable fees/deposit must be paid immediately after a winning bid has been placed. We do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of our representatives to make payment. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card if you do not respond to this email.
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on this page, under the sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property – they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Energy Performance Certificate
The EPC for this property can be viewed in full at the top of this page or in the legal pack.
T To register to bid on the property, you must submit your remote bid here: https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
Guide Price & Reserve Price
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.