For sale on 25 July 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.

A vacant 4 storey property previously used as 8 bedsits and in need of renovation and refurbishment.

This property has huge potential and is located in an extremely popular and in Demand residential location. Significant value can be added once refurbished and the rental income available once renovated could be extremely favourable.

The property could remain as bedsits and possibly add another bedsit by converting the garage, or it could be leased out to a care provider / serviced accommodation provider, there are an array of options available to the new buyer and viewings are available and come highly recommended.

Enclosed Porch -

Entrance Hall -

Bedsit One - 4.19m x 5.08m into bay (13'9 x 16'8 into bay) -

Bedsit Two - 3.73m x 4.11m (12'3 x 13'6) -

Shower Room - 1.78m max x 2.36m (5'10 max x 7'9) -

Bedsit Thee - 2.74m x 3.89m (9' x 12'9) -

Kitchen - 2.74m x 4.45m (9' x 14'7) -

First Floor Landing -

Bedsit Four - 5.69m x 4.39m (18'8 x 14'5) -

Bedist Five - 3.76m x 4.11m (12'4 x 13'6) -

W.C - 0.81m x 1.22m (2'8 x 4') -

Shower Room - 1.88m x 1.85m (6'2 x 6'1) -

Bedsit Six - 2.74m x 2.87m (9' x 9'5) -

Second Floor Landing -

Bedsit Seven - 5.69m x 3.53m (18'8 x 11'7) -

Bedsit Eight - 4.78m x 3.35m (15'8 x 11') -

Garage -

Additional Information: Construction Material: Standard brick. Heating: TBC. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as medium in this area. Satellite and Cable - BT and Sky show as available in this area.
Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: Awaited

Terms:
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 Variable Fee (England and Wales).

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 fees apply:

. 5% deposit (subject to a minimum of £5,000)

. Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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.