* Leasehold
* To be sold with a current tenant in situ
* Attaining a monthly rent of £585. 00PCM
* Outstanding 7. 2% return of investment
* Secure gated parking
* Top floor flat
* Secure coded entry to the building
* Walking distance to the City Centre
* To be sold with no onward chain
* EPC Rating C
* Council tax band A
**Striking Investment Opportunity With Tenant In Situ. Rent Of £585. 00Pcm.
Impressive Annual ROI 7. 2%. **
The sale of this property will take place on the stated date by way of Auction
Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to sdl Property Auctions Buyers Terms. Properties
located in Scotland will be subject to applicable Scottish law.
This top floor flat is to be sold with a tenant in situ paying rent of
£585. 00pcm providing a fantastic return on investment of 7. 2%. This is to be
sold with no onward chain.
The flat consist of a kitchen, lounge/diner, bedroom and a bathroom. Whilst
the property isn't the largest it does make good use of the space that it has.
The lounge/diner is to the right of the hallway and provides access to the
kitchen overlooking the street. It spans the length of the flat providing a
great space for relaxing or home working.
The kitchen is well equipped with integral fridge, freezer and freestanding
washing machine. There is plenty of room for storage and great preparation
space.
The sole bedroom covers the left hand side of the apartment with great space
for a double bed and further furniture.
The bathroom sits in the center of the property and has a three piece suite
comprising of a toilet, wash basin and a bath with shower over.
This really is an amazing investment opportunity with a fantastic return on
your investment.
Term of lease is 125 years from 1st June 2008.
Ground Rent has always been £500 per year. However, it’s reviewed on each 15th
anniversary of the lease term on an index linked basis. The next review is
June 2038.
The Service Charge is £406. 48 per quarter. The next annual cost review is due
in January 2024.
Additional Information
Parking Arrangements: Secure gated parking
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains Gas
Building construction: Brick
Floor Risk: Very Low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: O2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin available
Tenure:
Leasehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction
Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to sdl Property Auctions Buyers Terms. Properties
located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non - refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5, 000)
• Buyers Fee of £1, 500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be
taken into account when calculating the Stamp Duty Land Tax for the property
(known as Land and Buildings Transaction Tax for properties located in
Scotland), because it forms part of the chargeable consideration for the
property.
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 all auction methods and sale types please refer to the
Auction Conduct Guide which can be viewed on the sdl Property Auctions home
page.
This guide includes details on the auction 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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