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Leasehold House of Multiple Occupation Does not include the commercial units below
AUCTION 31st July 2025 via our partner agent SDL Auctions.
Property Description
A high yielding eight bedroom HMO property in a superb letting location.
The accommodation is arranged over the first and second floors and offer spacious and well maintained accommodation.
Offered fully let with a combined income of £46,000 per annum, exclusive of bills.
The property is already let for the 2025 2026 academic year.
Situated in a highly regarded letting location with an abundance of local amenities and excellent public transport links to the City Centre.
An ideal investment opportunity with income in place until mid 2026 and a yield against the guide price of just over 11%.
Construction Material
Solid brick, as built, no insulation assumed
Broadband
O2, EE, Three and Vodafone available
Mobile Phone Coverage
Standard 15 mbps, Superfast 64 mbps and Ultrafast 2000 mbps available
Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Leasehold. Subject to tenancy.
Utilities Information
- Electric Supply Mains Supply
- Water Supply Mains Supply
- Sewerage Arrangements Mains Supply
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 2.4% 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 D. Tenure Leasehold,"
Message agent
Available
For Sale
8 beds
Apartment
12 days on market
