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20 bed Flat For Sale £405,000
Commerce Street, Old Courthouse Buildings, Arbroath, Angus DD11


Description

  • Prime Property Auctions New Entry. Fantastic Residential Portfolio offered at discount to ensure auction sale. Portfolio consists of 8 residential flats.
  • Portfolio comprises: 4 x 1 bedroom flats, 3 x 3 bedroom flats and 1 x 4 bedroom flat. Fantastic rental potential.
  • Property has a gross expected rental value of £52,500 - £56,100 per annum. Excellent High Yielding Investment Opportunity.
  • 3 of the flats are currently tenanted and produce a gross monthly rental of £1,270, which generates an annual income of £15,240.
  • Portfolio purchase is sure to appeal to investor/landlord as will save on 6% ads. Property is ideally situated to benefit from local amenities and transport links.


Prime Property Auctions New Entry. Fantastic Residential Portfolio offered at discount to ensure auction sale. Portfolio consists of 8 residential flats. Properties are as follows:

Flat 2:

First floor - Vestibule, hallway, lounge, kitchen, bedroom, bathroom.

Flat 3:

First floor - Hallway, kitchen/lounge, bedroom, bathroom.

Flat 4:

First floor - Hallway, lounge, 3 bedrooms, kitchen, bathroom.

Flat 5:

First floor - Vestibule, hallway, lounge, kitchen, bedroom, bathroom.

Flat 6:

Second floor - Hallway, lounge, kitchen, bathroom, 4 bedrooms.

Flat 7:

Second floor - Hallway, lounge, kitchen, bathroom, landing, 3 bedrooms.

Flat 8:

Second floor - Hallway, lounge, kitchen, landing, 3 bedrooms, bathroom.

Flat 9:

Attic floor - Vestibule, hallway, lounge, kitchen, bedroom, bathroom

We have floor plans on file along with video walkthroughs. Please contact the offices for full details regarding this portfolio.

Property has a gross expected rental value of £52,500 - £56,100 per annum which would be broken down into £450 - £475 for the 1 bedrooms, £625 - £675 for the 3 bedrooms and £700 - £750 for the 4 bedroom. Excellent High Yielding Investment Opportunity.

With Guide Price set at £425,000 this lot would generate a gross annual yield of 12.4% - 13.2%.

3 of the flats are currently tenanted and produce a gross monthly rental of £1,270, which generates an annual income of £15,240. Flat 2 is tenanted at £350 pcm, Flat 4 is tenanted at £425 pcm and Flat 7 is tenanted at £495 pcm.

Portfolio purchase is sure to appeal to investor/landlord as will save on 6% ads. Property is ideally situated to benefit from local amenities and transport links.

This lot 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.

Follow the link for more information: 
        
zoopla.co.uk
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