Ground floor flat
***Potential high yielding residential investment opportunity***
Situated in the sought after Five Lamps area, close to the city centre and the fashionable Friar Gate area, is a purpose built, self contained ground floor floor flat with its own separate access and gardens that are wrapped around the property.
In our opinion, the property is likely to achieve circa £600 per calendar month (£7,200 per annum). This represents an impressive approximate 15% gross return, based against the guide price.
Internally the well equipped, uPVC double glazed living accommodation in brief comprises of entrance hall with airing cupboard, lounge through diner, modern fitted kitchen, double bedroom and bathroom with three piece suite in white with shower. To the rear of the block is a residents parking area.
Offered for sale with immediate vacant possession.
14ft 3 x 2ft 9
12ft 2 x 10ft 6
10ft x 5ft 9
10ft 4 max x 8ft 4
6ft 4 x 5ft 6
Residents parking area to the rear of the block.
125 years from 1 March 1990. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Vacant possession upon completion.
£40
89
£1,560
- Heating Supply: Electric, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Residents
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
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