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" FOR SALE BY SDL AUCTION on 29th MAY 2025 at 9am A potential high yielding freehold residential investment opportunity to acquire a well appointed, ex local authority non standard construction, three bedroomed mid town house, occupying a popular and convenient residential location. Offered for sale with immediate vacant possession, the property was previously let at £975 per calendar month £11,700 per annum . If the property were to be re let at the previous income, this would represent an impressive 9.75% return based on the guide price. Internally the well proportioned living accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises of entrance hall with stairs, front sitting room, full width dining kitchen with built in appliances, rear lobby with access to the brick built outbuilding. To the first floor landing there are three bedrooms and a family bathroom with three piece suite in white with shower. Outside to the front there is hard standing space and shared access to the side leads to an enclosed and easy to manage garden enjoying a southerly aspect.
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."