Semi-detached house
***POTENTIAL FREEHOLD HIGH YIELDING RESIDENTIAL INVESTMENT***
Located on the corner of Langtry Road on an elevated plot and set back from the road, is a large, extended brick built semi-detached period property arranged over three floors, sub-divided into three well-equipped, one bedroomed self-contained apartments, all with vacant possession.
In our opinion the property when fully let, we would estimate a combined gross rental income of circa £23,000 to £25,000 per annum. This represents an impressive 19.5% based on the guide price.
The character property is fully uPVC double glazed and gas centrally heated and is a ready to go investment, occupying a strong letting location with excellent road network connections and with near by amenities.
With stairs.
Comprising -
6ft x 5ft
15ft into bay x 14ft 3 into chimney recess.
6ft 1 x 6ft
14ft 4 into chimney recess x 12ft
10ft 1 x 7ft 1
Leading to -
Comprising -
9ft 6 x 2ft 8
13ft 6 x 12ft 1
11ft 6 x 5ft 9
5ft 1 x 6ft
5ft x 2ft 9
14ft 3 into chimney recess x 8ft 5
Leading to -
Comprising -
13ft 6 x 12ft 2
11ft 4 x 6ft 5
4ft 9 x 5ft 8
5ft x 2ft 8
13ft 6 x 8ft 5
Each flat is banded A for council tax purposes.
Freehold. Vacant possession upon completion.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
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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