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Description

  • Status: Available
  • Type: House
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 3
  • Council Tax: Search

SUPERB 3 bed semi-detached home, in Cuminestown, Turriff. Located in a high demand rental area. *** REDUCED NOW £25000 BELOW HOMER REPORT VALUE*** Realistic rent of up-to £10,200 per annum. HIGH YIELD

Consists of: - Entrance hall, living room, large dining kitchen, three double bedrooms and a family bathroom. Further benefits from large rear garden, rear & side patio area. Free on street parking.

SALES EVIDENCE:- 78, High Street, Cuminestown, £160,000 Dec 2022; 73 High Street, Cuminestown, £197,000 Jun 2021; 86, High St, Cumiestown £167,000 Apr 2019; 64, High St, Cumiestown £125,000 Aug 2021

Easy to let property in HIGH DEMAND RENTAL LOCATION. Realistic rent in the area £1000pcm giving an annual income of £12,0000 and offering superb yield of 13% if achieved for guide price. FREEHOLD.

Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter.

SUPERB 3 bed semi-detached home, in Cuminestown, Turriff. Located in a high demand rental area. *** REDUCED NOW £25000 BELOW HOMER REPORT VALUE*** Realistic rent of up-to £10,200 per annum. HIGH YIELD requiring light refurbishment. Property Consists of: - Entrance hall, living room, large dining kitchen, three double bedrooms and a family bathroom. Further benefits from large rear garden, rear & side patio area. Free on street parking. SALES EVIDENCE:- 78, High Street, Cuminestown, £160,000 Dec 2022; 73 High Street, Cuminestown, £197,000 Jun 2021; 86, High St, Cumiestown £167,000 Apr 2019; 64, High St, Cumiestown £125,000 Aug 2021 Easy to let property in HIGH DEMAND RENTAL LOCATION. Realistic rent in the area £1000pcm giving an annual income of £12,0000 and offering superb yield of 13% if achieved for guide price. FREEHOLD.

Cuminestown is a village in the Formartine area of Aberdeenshire, Scotland, and sits at the centre of the parish of Monquhitter. It is approximately 6 miles from Turriff and New Deer, 10 miles from Macduff and Banff and 15 miles from Fraserburgh Situated close by is the town of Turriff, which is located approximately 35 miles north west of Aberdeen. The town is well placed for commuting as one of the areas principal service centres. There is an extensive industrial base, mainly centred around the agricultural industry, although there is also a significant manufacturing industry based around the Markethill industrial area. The town offers a wide range of services which includes a vibrant town centre, primary schools, secondary school, industrial park, hospital, supermarket and a variety of other community facilities. There is a Tesco Supermarket in Turriff.

Full Address: 87 High Street, Cuminestown, AB53 5YH

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Pricing Information & Bidding

Opening Bid: £87,000

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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