Block of Apartments
A block of five flats arranged in a substantial building over three floors.
Each flat is self contained and accessible off a communal hallway.
Offered let with a total income of £42,000 per annum, inclusive of bills. Tenants pays their own Council Tax if applicable.
Three x One Bedroom Flats and Two x Studio Flats. All benefitting from Gas central heating and uPVC double glazing.
The current owner has held the property for around eight years. It has an excellent letting history with high occupancy rate over this time.
Situated in a popular and desirable location with a good range of amenities close by and one the edge of the City Centre.
A great investment opportunity with superb yield and income from day one.
Lounge/ Kitchen - 4.68m x 4.33m. Bedroom 3.91m x 3.65m max. Ensuite Shower Room.
Lounge/Bedroom 3.92m x 3.54m. Kitchen 2.63m x 2.72m. Shower Room.
Hallway. Bedroom 3.59m x 2.32m. Lounge/Kitchen 3.54m x 2.72m. Shower Room.
Lounge - 6.00m x 4.35m max. Kitchen - 2.83m x 2.00m. Bedroom - 4.05m x 4.04m max. Ensuite Shower Room.
Lounge. Kitchen. Bedroom. Shower Room.
With stairs off, emergency lighting and utility room.
Small garden to front along with good size garden to rear.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- 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 an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
