19 bedroom block of apartments for sale

For sale on 30 January 2025
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 10:00.

 

House of Multiple Occupation

Property Description:

A freehold block of 4 student apartments offering a total of 19 letting bedrooms.

Situated in a highly regarded location, the property sits on a leafy, tree lined street in a great letting location for University students.

The building offers 4 cluster flats - 4x 5 bedroom flats and 1x 4 bedroom flat.

Offered fully let with a combined income of £9963 pcm / £119,556 per annum, exclusive of bills. Approx. 10% Return.

Some of the current students pay circa £25 pppw on top of the current rent for utilities, paid direct to provider.

The property has been granted a Lawful Development Certificate for 4 existing C4 Houses in Multiple Occupation (one on each floor).’

Parking to the front and rear garden. In good order and fully decorated throughout in Summer 2024.

Flat One - Let at £2622 pcm

Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room

Flat Two - Let at £2622 pcm

Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room

Flat Three - Let at £2622 pcm

Five bedrooms, Open plan lounge / kitchen, Bathroom and Shower Room

Flat Four - Let at £2097 pcm

Four bedrooms, Open plan lounge / kitchen and Bathroom.

Outside

Parking to front and enclosed rear garden.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability

BT and Sky are available in this location.

Broadband (estimated speeds)

Standard - 8 mbps. Superfast - 80 mbps. Ultrafast - 1000 mbps.

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Subject to tenancy.

Utilities Information

• Heating Supply: Double Glazing, Gas Central
• Electric Supply: Mains Supply
• Water Supply: Mains Supply
• Sewerage Arrangements: Mains Supply

Parking Arrangements

Driveway

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:

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

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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. EPC rating: C. Tenure: Freehold,