Apartment
Investment opportunity to refurbish a one bedroom apartment within a purpose built block and located in a popular residential location, with high demand for buy to let property locally as the property is within walking distance to the town centre.
This one bedroom property briefly comprises of an entrance hall, lounge, a separate kitchen, bedroom and bathroom.
The location is close to the town centre where there are a wide range of local amenities, shops and cafes close by, there are also good local transport links.
We have been informed restrictions will be applied to the sale to prevent the use of the property as a HMO and short-term let. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
A new Lease will be granted on completion for a term of 990 years – Ground Rent Peppercorn – see Lease in legal pack.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed 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 1.2% of the purchase price (subject to a minimum of £1,860 inc. VAT)
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.
