Mixed Use Property for Auction

An outstanding investment opportunity currently generating an extremely impressive, £39,900 of yearly rental income. Comprising of a retail unit, 4 bedroom HMO and two flats within a recently renovated / developed building, currently offering an impressive 16% gross return against the guide price. The property is currently fully occupied. Comprising the following accommodation: Ground Floor: Four-Bedroom HMO. All bedrooms have en-suite facilities. Room 1 – £480 pcm Room 2 – £475 pcm Room 3 – £450 pcm Room 4 – £400 pcm Commercial Unit First Floor: One-bedroom flat – £650 pcm Two-bedroom flat – £650 pcm. Ground Floor Retail Unit Retail : 20.95 sq m (225 sq ft) HMO (known as Flat 1) Communal Kitchen : 13.72 sq m (148 sq ft) Communal Lounge : 12.95 sq m (139 sq ft) Communal Dining Area : 19.55 sq m (210 sq ft) Room 1 : 14.74 sq m (159 sq ft) with en-suite shower room Room 2 : 8.32 sq m (90 sq ft) with en-suite shower room Room 3 : 9.44 sq m (102 sq ft) with en-suite shower room Room 4 : 15.58 sq m (168 sq ft) with en-suite shower room First Floor Flat 2 Through Lounge, Dining area, Kitchen : 32.02 sq m (345 sq ft) Bedroom : 15.59 sq m (168 sq ft) with double doors to roof terrace Bathroom First Floor Flat 3 Kitchen : 14.45 sq m (155 sq ft) Lounge : 13.69 sq m (147 sq ft) Bedroom 1 : 9.45 sq m (102 sq ft) Bedroom 2 : 8.86 sq m (95 sq ft) Shower Room Note Please be advised the auctioneers have not personally inspected the property. Prospective buyers are advised to make any necessary independent enquiries before placing their bid, as this will be binding. The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type. Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws. Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: 5% deposit (subject to a minimum of £5,000) Buyer’s Fee of 3.6% inc. VAT of the purchase price 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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page. This explains the types of auction and sale methods we offer, the bidding 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.