Timed Online Auction

18 June 2021, 10am-4pm

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

Description

Full Address:  2 Tenanted Properties at Drove Road, Langholm, DG13 0JW

SUPER INVESTMENT OPPORTUNITY. Portfolio of 2 x tenanted properties located in the affluent town of Langholm in Dumfries and Galloway. Immediate rental income of over 10,000 per annum.

32 Drove Road, Langholm- **FULLY RENOVATED** 1 BED GROUND FLOOR FLAT CURRENTLY TENANTED AT 390PCM (4,680 per annum). Comprises lounge, fully fitted kitchen, bedroom and bathroom.

30 Drove Road, Langholm- **FULLY RENOVATED** 2 BED UPPER FLAT TENANTED AT 450PCM (5,400 per annum) Accommodation comprises entrance hall, bathroom, lounge, fully fitted kitchen and 2 bedrooms.

Prime investment opportunity with 2 x settled tenants with excellent payment history paying a combined rental of 840pcm (10,080 per annum) within HIGH DEMAND RENTAL LOCATION with fully refurbished properties.

Super rental location close to town centre and local amenities. Langholm is ideally situated for commuters with excellent access to Dumfries, Carlisle and Hawick. Excellent access to M74/ M6 motorway network.

SUPER INVESTMENT OPPORTUNITY. Portfolio of 2 x tenanted properties located in the affluent town of Langholm in Dumfries and Galloway. Immediate rental income of over 10,000 per annum. 32 Drove Road, Langholm- **FULLY RENOVATED** 1 BED GROUND FLOOR FLAT CURRENTLY TENANTED AT 390PCM (4,680 per annum). Comprises lounge, fully fitted kitchen, bedroom and bathroom. 30 Drove Road, Langholm- **FULLY RENOVATED** 2 BED UPPER FLAT TENANTED AT 450PCM (5,400 per annum) Accommodation comprises entrance hall, bathroom, lounge, fully fitted kitchen and 2 bedrooms. Prime investment opportunity with 2 x settled tenants with excellent payment history paying a combined rental of 840pcm (10,080 per annum) within HIGH DEMAND RENTAL LOCATION with fully refurbished properties. Super rental location close to town centre and local amenities. Langholm is ideally situated for commuters with excellent access to Dumfries, Carlisle and Hawick. Excellent access to M74/ M6 motorway network.

Langholm is an attractive town of stone built houses in a picturesque setting on both banks of the River Esk with the backdrop of Whita Hill and the Monument. The town is situated in Eskdale, Dumfriesshire in the Scottish border country and at the junction of three rivers which are surrounded by extensive areas of hills and forests. Langholm is an excellent location for walking, cycling and country pursuits and has a good range of amenities to include a supermarket, the Buccleuch Centre Theatre and junior and secondary schools, with most required facilities available in the City of Carlisle. Edinburgh is also approximately 80 miles away via the A7 tourist route

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 10,080 per year / 840 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

Document Downloads

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Location

Pricing Information & Bidding

Opening Bid: £72,000

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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: 18 June 2021, 10am-4pm
Type: Timed Online Auction

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