Timed Online Auction

29 January 2021, 10am-4pm

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

Description

Full Address: 5 and 5A Church Street, Stornoway, Isle of Lewis, HS1 2DH

EXCELLENT OPORTUNITY FOR SHREWD INVESTOR. Portfolio of 2 flats located in the popular town of Stornoway on the stunning Isle of Lewis. Total rental potential of 900pcm (10,800 per annum) or ideal for access to lucrative tourism market.

5A Church is Street has been fully refurbished and completed to an excellent standard. First Floor flat comprising semi open-plan lounge, kitchen, 2 double bedrooms (ONE EN-SUITE) and Shower Room. READY TO LET CONDITION WITH HR VALUATION OF 60,000

5 Church Street is a 2 bedroom GROUND FLOOR FLAT that has been partially refurbished and is offered ready for completion. Comprises kitchen diner and living space, 2 bedrooms, hall and partially completed shower room. (HR VALUE OF 60,000 IN 2016)

RECENT SALES: 11 Church Street, Stornoway, 95,000- Jul 2018 23a Church Street, Stornoway, 70,000- Jul 2020 (2 bed flat) REALISTIC POTENTIAL RENTAL INCOME OF 900pcm (10,800 per annum).

PRIME HOLIDAY LET/ AIRBNB location with combined realistic rental of up to 400 per night during peak season due to excellent location close to harbour, town centre, restaurants and pubs. IDEAL INVESTMENT OPPORTUNITY

EXCELLENT OPORTUNITY FOR SHREWD INVESTOR. Portfolio of 2 flats located in the popular town of Stornoway on the stunning Isle of Lewis. Total rental potential of 900pcm (10,800 per annum) or ideal for access to lucrative tourism market. 5A Church is Street has been fully refurbished and completed to an excellent standard. First Floor flat comprising semi open-plan lounge, kitchen, 2 double bedrooms and Shower Room. READY TO LET CONDITION WITH HR VALUATION OF 60,000. 5 Church Street is a 2 bedroom GROUND FLOOR FLAT that has been partially refurbished and is offered ready for completion. Comprises kitchen diner and living space, 2 bedrooms, hall and partially completed shower room. RECENT SALES: 11 Church Street, Stornoway, 95,000- Jul 2018 23a Church Street, Stornoway, 70,000- Jul 2020 (2 bed flat) REALISTIC POTENTIAL RENTAL INCOME OF 900pcm (10,800 per annum). PRIME HOLIDAY LET/ AIRBNB location with combined realistic rental of up to 400 per night during peak season due to excellent location close to harbour, town centre, restaurants and pubs. IDEAL INVESTMENT OPPORTUNITY

The town's population is around 8,000, making it by far the largest town in the Hebrides, as well as the second largest island town in Scotland after Kirkwall in Orkney. The traditional civil parish of Stornoway, which includes various nearby villages, has a combined population of just over 10,000. Stornoway is an important port and the major town and administrative centre of the Outer Hebrides. It is home to Comhairle nan Eilean Siar (the Western Isles Council) and a variety of educational, sporting and media establishments. Until relatively recently, observance of the Christian Sabbath (Sunday) has been associated with Hebridean culture. Recent changes mean that Sundays on Lewis now more closely resemble those on the other Western Isles or on mainland Scotland.

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Pricing Information & Bidding

Opening Bid: £60,000

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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: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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