Deadline for Offers

19 March 2021, 4pm

Bidding Closes in

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 4
  • Council Tax Search SAA

Description

Full Address: 69 Portfolio of 4 Flats in Marischal Street, Peterhead, AB42 1PR

**SUPERB PORTFOLIO INVESTMENT OPPORTUNITY** 4 X Tenanted 1 bedroom flats in great central location in the heart of the popular harbour town of Peterhead.

**TURN KEY INVESTMENT OPPORTUNITY** Flats are achieving a combined rental of 1,600pcm giving an annual income of 19,200 and offering terrific immediate yield of over 13% if achieved for guide price

FURTHER RESIDENTIAL DEVELOPMENT POTENTIAL- Attic space with lapsed planning. Potential to develop into additional residential unit. Subject to investigating and gaining consents

SUPER LOCAL COMPARABLE SALES EVIDENCE- 49c, Marischal Street, Peterhead, 74,000...65, Marischal Street, Peterhead 70,000...71, Marischal Street, Peterhead, 88,000

Peterhead is Aberdeenshire's second biggest town with a population of approximately 20,000. The local industry is mainly tourism and fishing - with Aberdeen itself approximately one hours drive away.

**SUPERB PORTFOLIO INVESTMENT OPPORTUNITY** 4 X Tenanted 1 bedroom flats in great central location in the heart of the popular harbour town of Peterhead. Modern fitted kitchens and bathrooms Electric boiler central heating & D.G These 1 Bedroom Flats are being sold together as a portfolio and offer an excellent opportunity as a buy-to-let investment. The properties are conveniently situated in the town centre. The properties have been all been recently renovated throughout and feature modern fitted kitchens and shower rooms. They are all installed with electric boiler central heating and benefit from double-glazing **TURN KEY INVESTMENT OPPORTUNITY** Flats are achieving a combined rental of 1,600pcm giving an annual income of 19,200 and offering terrific immediate yield of over 13% if achieved for guide price. Subject to full occupation. There is a further attic area which is believed to be suitable for conversion. Full Planning Permission had been granted for a 1 bedroom flat but this has now lapsed. Details of the expired application can be viewing APP/2006/0976. It would be the responsibility of any potential purchaser to obtain consents. SUPER LOCAL COMPARABLE SALES EVIDENCE- 49c, Marischal Street, Peterhead, 74,000...65, Marischal Street, Peterhead 70,000...71, Marischal Street, Peterhead, 88,000 EPC Bandings Flat F - E Flat G - D Flat H - D Flat J - E

Peterhead is Aberdeenshire's second biggest town with a population of approximately 20,000. The local industry is mainly tourism and fishing - with Aberdeen itself approximately one hours drive away, offering commuting distance. Close by are many amenities including shops, supermarkets, bars and restaurants, with world famous seafood available in the harbour. Local pursuits include yachting, canoeing, hillwalking, shooting/hunting, golf and fishing, making the town ideal for the outdoor enthusiast.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length:
Rent: 19,200 per year / 1,600 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT (Available) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Guide Price: £140,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 19 March 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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