Block of Apartments
IMPRESSIVE INVESTMENT OPPORTUNITY, Located on Spring Bank is the Victorian terrace property offered to the market having been divided into five individual self-contained flats, and is positioned close to the ever popular and vibrant Princes Avenue. Still retaining some period features, each flat offers uPVC double glazing, gas fired central heating system, open plan living space and kitchen area, a double bedroom and white bathroom suite. There is a courtyard to the rear, leading onto a tarmac parking area for residents.
When fully let, the property has previously generated £27,000 per annum.
The property is situated within an established, residential location approximately one mile northwest of the city centre. All necessary amenities can be found nearby including shops, transport links, outdoor spaces and a selection of pubs, bars and eateries. The property itself benefits from double glazing and gas central heating throughout with enclosed gardens to the front and rear. Gross internal area 259 sqm (2,784 sqft).
This property may qualify for stamp duty land tax relief, subject to certain conditions, please see further details below.
Please be advised that the auctioneers have not personally inspected the property and there is no access available. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
With period portico entrance leading to the front door, secure intercom entrance to the five individual flats. Hallway gives access to flats 1 and 2, staircase to the first floor, under stairs cupboard, meter cupboard, exterior door leading to the rear courtyard and parking.
A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.
A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with white three piece suite.
A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.
A self contained flat offering lounge and a separate fitted kitchen, double bedroom and en suite bathroom.
A self contained flat offering open plan living space and kitchen with integrated oven and hob, double bedroom and bathroom with shower over bath.
To the rear of the property is a good sized courtyard area which leads onto tarmac parking area for the residents.
We believe that this property may be of a type that qualifies for Stamp Duty Land Tax/Land and Buildings Transaction Tax/Land Transaction Tax relief (as applicable). We work with a tax consultancy who can provide expert tax advice in this regard. Free consultations are available. You will only be charged a fee for this service based on any actual tax savings made, on a percentage basis. We in turn will receive a fee from the provider in exchange for referring you. Please contact us if you are interested for further details.
Freehold. See legal pack.
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.
