Terraced House
Property Description:
A property comprising of two self-contained units both having separate access and utilities, on the same title and both let returning £15,900 per annum combined.
Number 5 - Let at £800 per calendar month.
Number 5a - Let at £525 per calendar month.
Currently the property is achieving a yield of 16.06% against the guide price.
Number 5 - Mid-terraced house comprising of living room, kitchen, three bedrooms and family bathroom.
Number 5a - Ground floor flat comprising of open plan kitchen/diner, bedroom, shower, w/c.
The property is close to local amenities, major road routes, rail routes and bus routes. There is a strong letting history and excellent demand for rental property in the area.
Tenure:
Freehold. Subject to tenancy.
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 £2,400 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.
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