Terraced House
Property Description:
An investment opportunity for a 7 bedrooms HMO currently generating a handsome yearly rental income in the region of £50k and offering an impressive gross return of 17% against the guide price.
This mid terraced property is situated within a popular and sought after residential location close to an array of shops and local amenities and is currently let with tenants in situ.
The property in brief comprises of the following -
Ground Floor:
Entrance hall with WC
2 Bedrooms
Garage
First Floor:
Breakfast Kitchen
2 bedrooms
Shower room
Second Floor:
3 Bedrooms
Bathroom
G/F Entrance Plus WC
G/F Bedroom 13ft x 9ft 1
G/F Bedroom 13ft x 8ft 10
Garage 11ft 2 x 9ft 5
1st Floor Kitchen 11ft 9 x 7ft 6
1st Floor Shower Room 8ft 9 x 4ft 8
1st Floor Bedroom 13ft x 9ft 1
1st Floor Bedroom 16ft Max x 8ft 4
2nd Floor Bathroom 8ft 8 x 6ft
2nd Bedroom 9ft x 8ft 7
2nd Floor Bedroom 12ft 2 x 12ft 1
2nd Floor Bedroom 12ft 5 x 11ft 9
Draft Sales Particulars
These sales details are awaiting vendor approval.
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 £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.
