Terraced House
An excellent investment opportunity with huge potential to add significant value once renovated and reconfigures (STPP) This end of terrace property has had a long term tenant vacate and now requires refurbishment.
The property sits within a sought after residential location and has high demand for BTL properties locally. Properties for let in the area are currently generating yearly rental incomes in the region of £10k offering a substantial return on investment.
The property is currently laid out as a 2 double bedroom end of terrace but has the option (STPP) to convert the oversized bathroom into a 3rd bedroom as there is a downstairs utility room with WC which could convert to a downstairs bathroom.
Viewings are available and come highly recommended in order to fully appreciate the opportunity on offer.
Freehold. 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 £1,500 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.
