Timed Online Auction

16 December 2021, 10am-3pm

Bidding Closes in

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

Description

Full Address: 84 Commerce St, Portfolio of 2 Flats, Fraserburgh, AB43 9LP

**IDEAL PURCHASE FOR INVESTOR** Portfolio of 2 x 2 Bedroom flats in move in condition in the popular Harbour town of Fraserburgh.

Flats A and C are in good decorative order with double glazing and gas central heating. Flat A has a separate kitchen and living room, shower room and W.C while Flat C enjoys open plan living.

Realistic rent for both would be around 500pcm giving a total annual income of 12,000.00 and offering an incredible yield of 15% if achieved for guide price.

Property has recently had the roof repaired and maintained to a cost of 11000 and the entrance doors have been fully refurbished.

Fraserburgh is a busy town close to Aberdeen and Peterhead, the town has good travel links with train and bus, with close by education and leisure facilities. Only a one hour drive to Aberdeen city

**IDEAL PURCHASE FOR INVESTOR** Portfolio of 2 x 2 Bedroom flats in move in condition in the popular Harbour town of Fraserburgh. GUIDE FURTHER REDUCED BY 10,000, FANTASTIC POTENTIAL YIELD OF 15%. Flats A and C 84 Commerce street are in good decorative order with double glazing and gas central heating. Flat A has a separate kitchen and living room, shower room and W.C while Flat C enjoys open plan living. Both properties have been recently decorated and could be lived in immediately. Ideal project for investor looking to start or grow their portfolio. Realistic rent for both would be around 500pcm giving a total annual income of 12,000.00 and offering an incredible yield of 15% if achieved for guide price. Property has recently had the roof repaired and maintained to a cost of 11000 and the entrance doors have been fully refurbished. All sensible offers considered- Please contact the Edinburgh sales office on 0131 225 2299 for further information including videos of each flat.

Fraserburgh is a busy town close to Aberdeen and Peterhead, the town has good travel links with train and bus, with close by education and leisure facilities. Only a one hour drive to Aberdeen city. The property is located a short walk from the town centre where there are many local amenities including local convenience stores, post office, bakers, butchers and both Primary & Secondary Schools

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Location

Pricing Information & Bidding

Opening Bid: £64,000

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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NO PRE-AUCTION OFFERS

You must bid at the live auction for this lot. You may not submit an offer now on this property as the seller has instructed us to offer this lot at the auction room. View our guide on how to bid at the online auction for further instructions.

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 December 2021, 10am-3pm
Type: Timed Online Auction

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