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Block of Apartments
Property Description:
An excellent investment comprising of two apartments, 1 x 5 bedroom first floor and 1 x 3 bedroom ground floor.
Five bedroom flat is let on AST at £875 per calendar month.
Three bedroom flat is let on AST at £485 per calendar month.
Total rent of £1,360 per calendar month represent a 17.18% yield against the guide price.
Locally, everything you need is right on your door step with corner shops, public houses, fast food restaurants, public transport routes, easy access to major road links and easy access for the town centre right at your fingertips.
Three bedroom flat:
Lounge - 13.7m x 3.9m
Kitchen - 3.0m x 2.7m
Master bedroom - 4.2m x 2.6m
Bedroom two - 3.1m x 2.7m
Bedroom three - 2.7m x 2.5m
Shower room - 1.8m x 1.3m
Five bedroom flat -
Lounge - 4.5m x 3.1m
Kitchen/Dining room - 4m x 3.4m
Bedroom one - 3.8m x 2.9m
Bedroom two - 3.9m x 2.5m
Bedroom three - 4.8m x 2.8m
Bedroom four - 3.9m x 4.2m
Bedroom five - 3m x 2.9m
Bathroom - 2.2m x 1.9m
Shower room - 2.2m x 1.9m
Patio garden area -
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure:
Freehold. Subject to tenancy.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
