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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

LARGE two bedroom TENANTED flat located in the popular coastal town of Arbroath. EXCELLENT INVESTMENT OPPORTUNITY - IMMEDIATE RENTAL INCOME OF £5,400 PER ANNUM.

269 High Street Flat 3-0, Arbroath - Two bedroom attic flat currently tenanted at £450pcm (£5,400 Per Annum). Flat extends to approx. 51.31 sq. m (552 sq. ft).

Local Sales Evidence; 70, High Street, Arbroath, DD11 1NB recently SOLD for £95,000 in June 2022*** 2, Gowan Street, Arbroath, DD11 3AF recently SOLD for £85,000 in May 2022***

Arbroath lies just 15 miles from Dundee. The Flats are close to all central amenities and services including bus station, railway station, harbour and shore areas and the main shopping facilities.

HIGH DEMAND RENTAL LOCATION in super location close to town centre, train station, Beach and Harbour. Perfect investment property to add or increase portfolio.

LARGE two bedroom TENANTED flat located in the popular coastal town of Arbroath. EXCELLENT INVESTMENT OPPORTUNITY - IMMEDIATE RENTAL INCOME OF £5,400 PER ANNUM. 269 High Street Flat 3-0, Arbroath - Two bedroom attic flat currently tenanted at £450pcm (£5,400 Per Annum). Flat extends to approx. 51.31 sq. m (552 sq. ft). Local Sales Evidence; 70, High Street, Arbroath, DD11 1NB recently SOLD for £95,000 in June 2022*** 2, Gowan Street, Arbroath, DD11 3AF recently SOLD for £85,000 in May 2022*** Arbroath lies just 15 miles from Dundee. The Flats are close to all central amenities and services including bus station, railway station, harbour and shore areas and the main shopping facilities. HIGH DEMAND RENTAL LOCATION in super location close to town centre, train station, Beach and Harbour. Perfect investment property to add or increase portfolio.

Full Address: 269 High Street Flat 3-0, Arbroath, DD11 1EE

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £5,400 per year / £450 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £48,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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