8 bed Flat For Sale, 50 Atholl Street, Perth PH1

Description

Prime Property Auctions New Entry. Fantastic Development Opportunity. Portfolio of 4 flats located in the sought after location of Perth.
Portfolio Consists of 2 x 3 bedrooms and 2 x 1 bedrooms. ***Entire Block of flats***
*** 11 2/r, Scott Street, Perth, Perthshire PH1 5EJ sold for £100,000 May 2022, Howards Court, Flat 11, Caledonian Road, Perth, Perthshire PH1 5NJ sold for £171,500 May 2022 ***
Fantastic Development Opportunity Offered at Discount from Open Market value to ensure Auction Sale.
Guide price £220,0000. Property has an potential gross income of £42,600, if let on standard prt agreements. Vast Potential if used as Serviced accommodation.

Prime Property Auctions New Entry. Fantastic Development Opportunity. Portfolio of 4 flats located in the sought after location of Perth. This lot comprises: 2 x 3-bedroom flats and 2 x 1-bedroom flats.

Excellent investment opportunity, consisting of the entire block of flats. The property is sure to appeal to an investor looking for a high yielding investment opportunity.

This is broken down into £575 for the 1 bedrooms and £1,200 for the 3 bedrooms. This would generate a gross monthly income of £3,550 which would generate an annual gross income of £42,600, if let on standard prt agreements.

Should the properties be fully let at market rent they would provide a gross rental yield of 19.4% if achieved for Guide price of £220,000.

The property would lend itself well for Serviced accommodation, given that it is the building that we are selling. Nightly rates for the one bedrooms would range from £80 - £100 per night and the 3 bedrooms would range from £120 - £200 per night.

Fantastic sales evidence in the area:

*** 11 2/r, Scott Street, Perth, Perthshire PH1 5EJ sold for £100,000 May 2022, Howards Court, Flat 11, Caledonian Road, Perth, Perthshire PH1 5NJ sold for £171,500 May 2022 ***

This property is sure to appeal to buy to let landlords/investors looking for a high yielding property that has massive potential to add value.

Property benefits from a new roof recently being fitted.

Works carried out

Roof - - 2021- renewed sarking and slates refitted and/or replaced as necessary - renew lead and paint treatment to dormers - renew

cement work to chimneys

2020 - Origin electrical services - All 4 flats

Supply and fix hard wired smoke detectors

Fit new fuse boards

Close entrance floor - 2015 - renewed flooring and strengthening

The properties have been inspected by Perth council to confirm that they meet the required letting standards.

Property is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

This property is located in the prime location of Perth, offering the best of both worlds with the vibrant city life and peaceful surroundings. Enjoy easy access to Perth's finest restaurants, cafes, shopping centers and entertainment options. Whether you're looking for a night out on the town or a quiet stroll through the park, it's all at your doorstep. Don't miss out on the opportunity to live in one of the most sought-after areas in Perth.This property is set within walking distance to all local amenities This desirable location has easy access to the A9 and M90 for commuting to all other major cities within the central belt of Scotland.

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8 bed Flat For Sale £175,000 50 Atholl Street, Perth PH1

8 bed Flat For Sale £175,000
50 Atholl Street, Perth PH1