Timed Online Auction

21 October 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 6
  • Council Tax Search SAA

Description

Full Address: 178 and 182 Abbotsford Court Portfolio, Glenrothes, KY6 2LT

Portfolio sale of 2 Large 3 Bedroom Maisonette Flats in Glenrothes ***EXCELLENT VALUE FOR MONEY*** Super rental income of 470 pcm for each flat - Gros Rental 11,280 p/annum HIGH YIELDING INVESTMENT

SALES: 180 Abbotsford Court, Abbotsford Drive, Glenrothes, Fife KY6 2LT sold for 39,995 December 2020, 160, Abbotsford Drive, Glenrothes, Fife KY6 2LT sold for 77,000 November 2020.

Portfolio generates an annual income of 11,280 which provides a gross rental yield of greater than 17% if achieved for Guide Price.

Easy access to the A92 for travel within Fife, whilst the M90 and Forth Road Bridge provide links to Edinburgh, Glasgow and beyond. EPC Rating F

***Opportunity to generate great rental return.*** Approx 29 miles to Edinburgh & 25 miles to Perth. Excellent value for money.

Portfolio sale of 2 Large 3 Bedroom Maisonette Flat in Glenrothes ***EXCELLENT VALUE FOR MONEY*** Super rental income of 470 pcm for each flat - Gros Rental 11,280 p/annum HIGH YIELDING INVESTMENT. Properties comprise internally: Super-size over 2 levels Lounge & Kitchen, 3 Bedrooms, Bathroom. Portfolio generates an annual income of 11,280 which provides a gross rental yield of greater than 17% if achieved for Guide Price. *** 180 Abbotsford Court, Abbotsford Drive, Glenrothes, Ffe KY6 2LT sold for 39,995 December 2020, 160, Abbotsford Drive, Glenrothes, Fife KY6 2LT sold for 77,000 November 2020 *** This property is believed to be part of Tanshall & Caskieberran estate regeneration. A number of properties in the area are subject to closing orders. We understand from our enquiries that this property is not subject to either notice however purchasers are advised to verify all up to date information with the Fife Council prior to purchasing under auction.

Glenrothes town centre is convenient with all amenities; and shopping popular at the Kingdom Centre. Sports and leisure pursuits are available at the Fife Institute. The town also benefits from an 18 hole golf course. For the commuter there is access to the A92 for travel within Fife and the M90 and Forth Road Bridge provides links to Edinburgh, Glasgow and beyond.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: 11,280 per year / 940 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes:

Document Downloads

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Location

Pricing Information & Bidding

Opening Bid: £56,000

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

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