Description

For sale on 27 February 2025 Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction. The auction will commence at 09:00.High yielding residential investment property. Offered for sale at a very attractive guide price is this well equipped, first floor, student style flat set in a beautiful Grade II listed detached property, situated within easy reach of Crookes Valley Park, Universities and Hospital. Interestingly, this charming detached property has been converted into 102 rooms with clusters of three, five and six bedrooms all with communal facilities. In brief, the accommodation consists of ground floor communal entrance with staircase. Flat five can be found on the first floor, comprising of a communal passaged hallway, shared open plan living kitchen area with built-in-appliances, and double bedroom with en-suite shower room. The property is currently let at £390 pcm on a rental agreement from 17/01/2025 - 17/07/2025. Utilities are paid directly by the tenant to the management company.Leasehold Information The vendor has advised the ground rent is £330.15 per year. The service charge is £1,195.82 payable Jan - Jun and £1,195.82 payable Jul - Dec. 999 years commencing on and including 1 January 2012 and expiring on 31 December 3011. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack. Additional Information: Construction Material: Standard brick. Heating: Electric, room heaters. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.Tenure: LeaseholdEPC Rating: DTerms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type. 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 1.2% of the purchase price (subject to a minimum 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.