Terraced House
***Potential high yielding freehold opportunity***
An excellent buy-to-let residential investment opportunity to acquire a substantial brick built mid-town house, converted into a three and one bedroomed flats respectively, both being offered for sale with immediate vacant possession.
In our opinion, we estimate a combined rental income in the region of £16,000 to £17,000 per annum when fully let.
Flat 104a is accessed via the ground floor front entrance door with stairs leading to the 2nd floor with landing, fitted kitchen in white gloss units, lounge, separate bedroom and bathroom with three piece suite in white.
Flat 104b is located to the rear and in brief comprises rear hall with door to cellar, fitted kitchen, inner hall, double bedroom and lounge with bay window. To the second floor landing there are two double bedrooms and a bathroom with three piece suite in white.
The property is situated within the context of an established and strong letting location, conveniently positioned for a wide range amenities and short commute to the city centre.
Leading to -
16ft max x 5ft 2
9ft x 5ft 4
10ft 1 x 5ft 1
12ft 5 x 11ft 1 into chimney recess
11ft 2 max x 7ft 5
Comprising -
7ft 5 x 3ft 9
13ft x 3ft 1
8ft 2 x 8ft
13ft 1 x 7ft 9 into chimney recess
15ft into bay x 10ft 6
13ft x 2ft 5
8ft 3 x 7ft
14ft 9 into chimney recess x 12ft 6
12ft 9 x 11ft into recess
Freehold.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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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