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39 Main Street, Gorebridge EH23 4BX

Lot no: 137 Sold at Auction for £107,000
 

Guide Price £65,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th October 2022

10.00am
Key Features
  • Prime Location
  • Two bedroom freehold apartment
  • Potential for high yield
  • EPC Rating: D
  • Council Tax Band: B
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Sold at Auction for £107,000

Apartment

Property Description:

DRAFT DETAILS

A first floor two bedroom apartment located above a commercial unit within a prime upmarket area benefitting from separate entrance and offered with vacant possession.

The accommodation comprises of entrance hallway, kitchen, bathroom, two bedrooms.

Gorebridge is a thriving Midlothian town located approximately ten miles to the south-east of Edinburgh and is popular with city commuters who prefer a more rural home environment.

The property is ideally situated for easy access to Edinburgh via the A7 to the City Bypass, which leads to all major motorway networks. Gorebridge is on the Borders Railway line and the train station is located within close proximity, giving access to Edinburgh City Centre in approximately 25 mins. There is a good choice of public transport which operates regular services to the City Centre and out to surrounding towns and villages. Gorebridge offers excellent amenities for all ages conveniently within walking distance of the property.

These include a good choice of shops including a pharmacy, Co-op, butchers, post office and bank. For further shopping there is a 24 hour Tesco Superstore located at nearby Eskbank. Within Gorebridge there are primary schools and secondary schooling can be found nearby at Newbattle or Lasswade. Recreational and leisure facilities include a football club, bowling club, park, library, leisure centre and community centre with swimming pool. There are also a few pubs and restaurants nearby including The Sun Inn. Vogrie Country Park is nearby and offers an excellent choice of walks and activities including a golf course.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure:

See Legal Pack. See legal pack.



Auction Details

This property is located in Scotland; therefore, any sale will be governed by applicable Scottish law.

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (Scotland).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms (Scotland).


Auction Deposit and Fees

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 3.6% of the purchase price (subject to a minimum of £4,800 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of Land and Buildings Transaction Tax.

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 Home Report.


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.