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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

Self-contained flatted dwelling house occupying part of the first floor of a four storey end- terraced tenement building, containing six residential flats and having two shops at ground floor level.

COMPRISES: entrance hallway, bright spacious lounge, fitted kitchen, double bedroom, bathroom with shower over bath. This property benefits from electric heating. Tenancy unverified by auctioneer.

LOCAL SALES: 34 Charlotte Street (2 bed) Sold for £29,500 (June 2020). 84b Commerce Street (1 bed) Sold for £49,000 (May 2018) 52 School Street (1 bed) Sold for £39,000 (September 2017).

Ideal for buy to let investors looking for immediate return on investment. TENANT paying £375 per calendar month - £4,500 per annum. MANAGED BY LETTING AGENT - Tenancy unverified by auctioneer.

Located a stones throw from the property is the town centre where you will find a variety of shops and convenience stores. Also a short walking distance are both primary and secondary school’s.

*IMMEDIATE INCOME PRODUCING INVESTMENT* Tenanted, 1 bedroom, first floor property in popular residential setting. Rented at £4,500 per annum (£375 pcm). High yielding investment set in POPULAR RENTAL LOCATION close to town centre and popular beach (Fraserburgh Beach). Perfect investment property due to low asking price and SUPER RENTAL RETURN. The subjects are situated within an established mixed residential and commercial area on the periphery of Fraserburgh town centre, adjoining a busy main road in the town. Other properties in the vicinity are generally in mixed use and adequate amenities can be found within easy reach. Fantastic Buy to Let opportunity in sought after Fraserburgh locale. COMPRISES: Entrance hallway, lounge, 1 bedroom kitchen and bathroom with wash hand basin and bathroom. Internally upgraded with electric heating and upgraded kitchen (as pictured).

Cross Street is conveniently located in the commercial harbour town of Fraserburgh. The town centre offers a full range of retail and leisure facilities and the towns’ location makes it an ideal base for touring the surrounding countryside. Also available are numerous Primary Schools within the town, a Secondary School and a College of further education. Fraserburgh is a busy fishing town in the area of Aberdeenshire. Roughly 40 miles from Aberdeen, the town has good travel links with train and bus routes, education and leisure facilities. A one hour drive from Aberdeen city centre the town is within commuting distance for workers and within easy reach of the city for further shops, restaurants and leisure facilities. Close by to local primary and secondary schools, Doctor Surgery and local Hospital are all within walking distance. The property is located a short walk from the town centre where there are many local amenities including local convenience stores, post office, bakers and butchers. Primary and Secondary Schools available and located within an established mixed residential and commercial area on the periphery of Fraserburgh town centre, adjoining a busy main road in the town. Other properties in the vicinity are generally in mixed use, and adequate amenities can be found within easy reach.

Full Address: 61 Cross Street, Flat A, Fraserburgh, AB43 9EL

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £4,500 per year / £375 per month
Yield: 17% (approx)
Tenant: Private Individual
Notes: TENANT IN PLACE paying £375 per calendar month - £4,500 per annum. MANAGED BY LETTING AGENT. Tenancy unverified by auctioneer.

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Pricing Information & Bidding

Opening Bid: £27,000

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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SPECIAL Terms of Sale

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

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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