GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 3
  • Council Tax Search SAA

Description

Full Address: 5L West Bell Street, Dundee, DD1 1EX

Well presented, Modern 3 Bed HMO located In the Sought after location of Dundee city Centre, sold with tenant in situ. **IMMEDIATE INCOME PRODUCING INVESTMENT. DM HALL HOME REPORT VALUATION 175,000

*** Flat A2, The Hub, Hawkhill, Dundee, Angus DD1 5DF sold for 200,000 June 2019, Flat A12, The Hub, Hawkhill, Dundee, Angus DD1 5DF sold for 192,500 ***

Property is currently rented at 1,050 per month (350 per room). This is a low rent and the achievable market rent for similar properties is 1,260 - 1,350 per month (420 - 450 per room).

Fantastic opportunity with a current HMO licence these would be attractive to investors looking for an affordable HIGH YIELDINGINVESTMENT OPPORTUNITY. Seller will consider earlier Offers.

Bell Street is located just a short distance from all city centre amenities as well as The University of Abertay campus and a wide range of commuter links to locations in and around the city.

Well presented, Modern 3 Bed HMO located In the Sought after location of Dundee city Centre, sold with tenant in situ. *** IMMEDIATE INCOME PRODUCING INVESTMENT *** Property Comprises: Entrance Hallway, Lounge/ Dining/ kitchen area, bathroom and 3 double bedrooms. Well presented, Modern 3 Bed HMO located In the Sought after location of Dundee city Centre, sold with tenant in situ. *** IMMEDIATE INCOME PRODUCING INVESTMENT *** Property is currently rented at 1,050 per month (350 per room). This is a low rent and the achievable market rent for similar properties is 1,260 - 1,350 per month (420 - 450 per room). Fantastic opportunity with a current HMO licence these would be attractive to investors looking for an affordable HIGH YIELDINGINVESTMENT OPPORTUNITY. Seller will consider earlier Offers. Bell Street is located just a short distance from all city centre amenities as well as The University of Abertay campus and a wide range of commuter links to locations in and around the city.

Dundee is Scotlands fourth largest city, with an estimated population in the region of 145,000 and a catchment population of approximately 515,000. The city is the regional centre for commerce, retailing and employment within the Tayside region and is located on the east coast of Scotland with the larger centres of Aberdeen, Edinburgh and Glasgow all within a 90 minute drive time. Recent opening of V and A museum sure to bring more commerce and customer to the city.

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Floorplans

5L  West Bell Street  Dundee

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: 12,600 per year / 1,050 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT (Available) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Guide Price: £165,000


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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

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