Semi-detached house
A substantial and imposing 8 bedroom, 6 bathroom semi detached period property occupying a sizeable plot on the corner of Gerard Road & Moorgate Road. The property has latterly been used as an 11 room HMO where it produced in the region of £60,000 per annum however it is now vacant and requires general modernisation and refurbishment and presents an excellent opportunity for a multitude of uses as either a grand 8 bedroom single dwelling, an 11 room HMO, commercial use as office, care home, nursery use...etc, and we understand there were plans draw up to provide 7 flats. Due to the size of the plot there could also be development potential for the construction of a further dwelling or two (subject to planning permission. The accommodation is arranged over three floor as well as having a large basement with a formal entrance hall, three large reception rooms, a kitchen, utility / Scullery, bathroom / W.C, and rear entrance lobby on the ground floor. To the first floor there are four ensuite bedrooms and to the second floor there are a further four ensuite bathrooms and an additional kitchen. Outside there are extensive gardens to the front, side and rear as well as a sweeping driveway and a detached double garage which has previously been used as annex accommodation. The property has a valid HMO Licence until 2029.
Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 2.4% of the purchase price (no minimum)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
