Detached house
A superb investment and development opportunity rarely available.
This detached property occupies a double plot, has 3 fully let one bedroom flats generating a healthy yearly income of £19,454 and offers huge development potential (STPP) to build additional units or house.
Having previously had planning to build three dwellings which has now lapsed highlights the huge opportunity which is available. Consulting with your architect/planning consultant is advised to find the maximum potential available.
The property is located in an extremely popular and sought after location, has excellent transport links and is close to a wide range of local amenities and shops
The flats are currently let as follows:
Flat 1 - £528.00 pcm
Flat 2 - £571.73 pcm
Flat 3 - £521.13 pcm
These sales details are awaiting vendor approval.
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:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
