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Flat
An excellent buy to let residential opportunity to acquire a stylish one bedroom, top floor flat currently let on a rolling agreement, producing £675 per calendar month (£8100 per annum), this represents an impressive gross return of 14.7% based on the guide price.
The well proportioned living accommodation consists of a fitted kitchen with built in appliances, lounge/diner, double bedroom and a bathroom.
Outside located to the rear of the property there is a communal parking area with an allocated parking space.
The property occupies a quiet tree lined cul de sac location, conveniently positioned for the Derbion shopping centre and the city centre.
Additional Information
Parking Arrangements: Allocated parking
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Standard brick
Flood Risk: Very low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin
Term of lease is 125 years from 1st June 2008.
£500 per year. However, it is reviewed on each 15th anniversary of the lease term on an index linked basis so will be due its first review in June 2023. The Service Charge is £448.00 per quarter. The next annual cost review is due in January 2025.
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.
These sales details are awaiting vendor approval.
Leasehold. 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.
