Terraced House
Situated within a strong letting location, conveniently positioned for the city centre and the University Campus, is a well equipped, two bedroom mid terrace property currently let on assured shorthold tenancy agreement producing £550 per calendar month (£6,600 per annum), this represents an impressive 8.4% return based on the guide price. In our opinion there is scope for a significant rental increase.
Internally the uPVC double glazed and gas central heated (not tested) living accommodation in brief comprises; front sitting room, inner lobby with door to cellar, separate dining room with enclosed staircase, fitted kitchen measuring 21ft 6 in length that could be converted into a further bathroom or utility subject to building regulations. To the first floor passaged landing there are two bedrooms and bathroom suite in white with shower and potential for a loft conversion subject to the usual planning consents. Outside to the rear there is a low maintenance yard.
The location is always a popular choice with first time buyers, professional couples and landlords locally and nationally.
Excellent high yielding BTL residential investment opportunity.
11ft into chimney recess x 11ft 3
11ft into chimney recess x 11ft 2
21ft 6 x 6ft 9
14ft 5 x 2ft 7
11ft 3 into chimney recess x 11ft 2
11ft 2 x 8ft 2 into chimney recess
8ft 6 x 6ft 3
To the rear there is low maintenance enclosed yard.
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.
