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Description

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

PRIME INVESTMENT OPPORTUNITY*** Portfolio of 7 FLATS in EXTREMELY POPULAR BUY TO LET LOCATION. 5 two-beds and 2 one-beds. Immediate rental income £28,000 - £32,000 pa with potential to increase.

Comprised of 5 two-bedroom and 2 one-bedroom units. There are 2 large storerooms to the rear which could be converted to residential accommodation subject to planning.

PRIME BUY-TO-LET*** Ideal for investor. SUPER LOCATION giving excellent access to local amenities and transport links.

IMMEDIATE RETURN ON INVESTMENT*** £28,000 - £32,000 pa with potential to increase. EXCELLENT INVESTMENT OPPORTUNITY. Potential to split portfolio and re-sell.

The village offers scenic views across the bay and is close to other natural attractions in the area, including nature reserves and forest parks a popular spot for walks and relaxation.

PRIME INVESTMENT OPPORTUNITY*** Portfolio of 7 FLATS in EXTREMELY POPULAR BUY TO LET LOCATION. 5 two-bedroom and 2 one-bedroom. Immediate rental income £28,000 - £32,000 pa with potential to increase. Comprised of 5 two-bedroom and 2 one-bedroom units. There are 2 large storerooms to the rear which could be converted to residential accommodation subject to planning. PRIME BUY-TO-LET*** Ideal for investor. SUPER LOCATION giving excellent access to local amenities and transport links. IMMEDIATE RETURN ON INVESTMENT*** £28,000 - £32,000 pa with potential to increase. EXCELLENT INVESTMENT OPPORTUNITY. Potential to split portfolio and re-sell. The village offers scenic views across the bay and is close to other natural attractions in the area, including nature reserves and forest parks a popular spot for walks and relaxation.

Main Street in Sandhead, Wigtownshire, is the central road running through this small coastal village. Like many rural Scottish villages, Main Street is lined with a mix of residential homes, holiday cottages, and a few local businesses serving both the community and visitors. The street leads towards the sandy shores of Luce Bay, offering easy access to the long beach that is a major attraction of Sandhead. The village itself is quite tranquil, with typical amenities such as a local shop, possibly a pub or café, and accommodation options like bed and breakfasts or small hotels catering to tourists who come to enjoy the natural beauty of the area. Due to Sandhead's small size and its location in the scenic Rhins of Galloway, the village retains a quiet, unspoiled atmosphere. It’s ideal for beach walks, bird watching, and exploring the broader countryside of Wigtownshire. The village is also not far from the nearby town of Stranraer, where visitors can find more amenities and services.

Full Address:  The Old Creamery and Sandvale, Main Street, Sandhead, Wigtownshire, DG9 9JB

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Rolling
Rent: £32,000 per year / £2,667 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: £28,000 - £32,000 pa. 5 two-bedroom and 2 one-bedroom units

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Pricing Information & Bidding

Opening Bid: £248,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

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

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