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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

IMMEDIATE INCOME PRODUCING PORTFOLIO INVESTMENT. 4 x tenanted flats in Fraserburgh town centre with current combined rental income of £1,750pcm (£21,000 per annum). FULLY REFURBISHED INVESTMENT

2 x 2 Bedroom properties and 2 x 1 bedroom properties all located at 27 High Street. All properties comply full with current EICR and heat/ smoke alarm legislations. Professionally managed tenancies.

SUPER INVESTMENT. All properties tenanted with current combined rental income of £21,000 per annum (previously let for £24,600 per annum). High demand rental location within popular town centre.

All properties were fully refurbished by current owner. New UPVC Double Glazing, new bathrooms, new kitchens, Full-wire and re-plumbing completed by owner on all properties prior to letting.

It is projected that 21,000 new jobs will be created locally with new carbon capture and wind harnessing projects driving further development and a stark increase in property value and demand.

IMMEDIATE INCOME PRODUCING PORTFOLIO INVESTMENT. 4 x tenanted flats in Fraserburgh town centre with current combined rental income of £1,750pcm (£21,000 per annum). FULLY REFURBISHED INVESTMENT. 2 x 2 Bedroom properties and 2 x 1 bedroom properties all located at 27 High Street. All properties comply full with current EICR and heat/ smoke alarm legislations. Professionally managed tenancies. SUPER INVESTMENT. All properties tenanted with current combined rental income of £21,000 per annum (previously let for £24,600 per annum). High demand rental location within popular town centre. SUPER INVESTMENT. All properties tenanted with current combined rental income of £21,000 per annum (previously let for £24,600 per annum). High demand rental location within popular town centre.All properties were fully refurbished by current owner. New UPVC Double Glazing, new bathrooms, new kitchens, Full-wire and re-plumbing completed by owner on all properties prior to letting. It is projected that 21,000 new jobs will be created locally with new carbon capture and wind harnessing projects driving further development and a stark increase in property value and demand.

The area includes a variety of impressive traditional buildings including: the Faithlie Centre, a building which has recently been restored and provides space for a range of Council services and community functions; traditional terraces that comprise a mix of ground floor shops and commercial premises, as well as tenement flats and Fraserburgh Old Parish Church, a Classical Georgian Church dating from 1801. The coastal town of Fraserburgh is positioned at the far north-east corner of Aberdeenshire some 42 miles to the north of Aberdeen. It has a rich cultural and historic heritage that is based around its fishing industry and it still remains a major whitefish and shellfish port and a busy commercial harbour. The town has a population of circa 13,500 and is the major retail, commercial and administrative centre for the Banff and Buchan District of Aberdeenshire. Its facilities include a local hospital, a secondary school and a College of Higher Education, an 18 hole golf course, a Community and Sports Centre and miles of sandy beaches that provide some of the best windsurfing conditions in the country.

Full Address:  Portfolio of 4 Properties, High Street, Fraserburgh, Aberdeen, AB43 9AP

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: £21,000 per year / £1,750 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £149,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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