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Flat
***POTENTIAL HIGH YIELDING INVESTMENT OPPORTUNITY**
A well-presented double-bedroom apartment situated within this sought-after residential development designed exclusively for the over 55s. The building offers a pleasant and welcoming communal entrance with comfortable reception and meeting areas, along with lifts providing convenient access to all floors.
In our opinion if the property were to be let, we would estimate a gross rental income of £700pcm (£8,400pa) this would represent an impressive 30% return based on guide price.
In brief, the accommodation comprises: Communal entrance and reception areas leading to the private apartment - the property features an entrance hall; spacious lounge/diner; fitted kitchen; double bedroom; bathroom with a shower over the bath.
Residents also benefit from access to a shared laundry room and beautifully maintained communal garden areas, providing a relaxing outdoor space for all to enjoy. The development offers a range of amenities designed to support comfortable and sociable living. These include inviting communal lounge where residents can meet and socialise, well-maintained shared facilities and attractive landscaped gardens providing a pleasant setting to relax outdoors. The presence of lift access throughout the building ensures ease of movement for residents and visitors alike.
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:
• 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.
