Terraced House
An impressive character property offering an excellent investment opportunity and potential to add significant value.
This property is currently set over 3 floors and could potentially include 4 floors of accommodation subject to obtaining any necessary consents. Many similar properties have converted the loft space and utilised the basement as it has access into the garden. There could also be the potential (STPP) to convert the property into 2 apartments. Please click on the virtual tour to watch the walkthrough video which highlights the properties full potential.
The property currently requires some light cosmetic refurbishment and consists of 2 reception rooms, kitchen and entrance hall on the ground floor, 2 double bedrooms and a bathroom on the 1st floor, in the basement there are 3 cellar rooms and access to the rear garden which also offers off street parking.
Close by are a wide range of local amenities, shops and transport links.
Freehold. Vacant possession upon completion.
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.
