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Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 2
- Council Tax: Search
LARGE two bedroom TENANTED flat located in the popular coastal town of Arbroath. EXCELLENT INVESTMENT OPPORTUNITY - IMMEDIATE RENTAL INCOME OF £5,400 PER ANNUM.
269 High Street Flat 3-0, Arbroath - Two bedroom attic flat currently tenanted at £450pcm (£5,400 Per Annum). Flat extends to approx. 51.31 sq. m (552 sq. ft).
Local Sales Evidence; 70, High Street, Arbroath, DD11 1NB recently SOLD for £95,000 in June 2022*** 2, Gowan Street, Arbroath, DD11 3AF recently SOLD for £85,000 in May 2022***
Arbroath lies just 15 miles from Dundee. The Flats are close to all central amenities and services including bus station, railway station, harbour and shore areas and the main shopping facilities.
HIGH DEMAND RENTAL LOCATION in super location close to town centre, train station, Beach and Harbour. Perfect investment property to add or increase portfolio.
LARGE two bedroom TENANTED flat located in the popular coastal town of Arbroath. EXCELLENT INVESTMENT OPPORTUNITY - IMMEDIATE RENTAL INCOME OF £5,400 PER ANNUM. 269 High Street Flat 3-0, Arbroath - Two bedroom attic flat currently tenanted at £450pcm (£5,400 Per Annum). Flat extends to approx. 51.31 sq. m (552 sq. ft). Local Sales Evidence; 70, High Street, Arbroath, DD11 1NB recently SOLD for £95,000 in June 2022*** 2, Gowan Street, Arbroath, DD11 3AF recently SOLD for £85,000 in May 2022*** Arbroath lies just 15 miles from Dundee. The Flats are close to all central amenities and services including bus station, railway station, harbour and shore areas and the main shopping facilities. HIGH DEMAND RENTAL LOCATION in super location close to town centre, train station, Beach and Harbour. Perfect investment property to add or increase portfolio.
Tenancy Details
Type of Agreement: Basic LeaseLength:
Rent: £5,400 per year / £450 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:
Maps & Location
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Document Downloads
Pricing Information & Bidding
Opening Bid: £45,000
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). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 269High Street Flat 3-0, Arbroath