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Lot 100i

Guide Price: £44,000 - Bid Now

55 Bridge Street, Banff, AB45 1HD


GO TO...  Map  Open Viewings  Auction Details   How To Bid

Key Features:

**GREAT INVESTMENT OPPORTUNITY** Immaculately presented 2 bedroom flat in prominent position in the centre of Banff. Sure to attract interest from a number of investors.


  • Property comprises:- First Floor- Hallway, living room and kitchen. Attic Floor- Hallway, bathroom and two bedrooms. Property benefits from Gas central heating while the majority of windows are of a sash and case style, there are double glazed timber sash and case and velux style windows at attic floor level. EPC Rating D
  • **9, Bridge Street, Banff AB45 1HD £68,500** **45, Bridge Street, Banff AB45 1HD £70,000** **39, Bridge Street, Banff AB45 1HD £98,500**
  • Realistic rent in the area £500-£550pcm giving an annual income of £6,000-£6,600 per annum and providing an impressive yield of 13-14% if achieved for guide price.
  • Excellent Transport links including the A96 located to the West and A90 on the East. Located only 45 miles (Approximately one hour's drive) from Aberdeen


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Council Tax

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- Click the above link to automatically search the latest records for this post code. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.


Further Details:

It should be noted that Bridge Street falls under the local regeneration programme and as such the property may be entitled to property improvement grants. All enquiries relating to this matter should be directed to the local authorities. Excellent opportunity to purchase extremely well presented 2 bedroom flat in prominent central position in the commuter town of Banff. Sure to attract interest from a number of investors. Property comprises:- First Floor- Entrance stairway leads to hallway, the living room is a beautiful bright corner room with large windows and separate kitchen which is a good size and offers space for breakfast bar or small table. Attic Floor- Hallway, freshly decorated bathroom with shower and two double bedrooms. Location of flat means it is an excellent investment flat with good rents achievable, Realistic rent in the area £500-£550pcm giving an annual income of £6,000-£6,600 per annum and providing an impressive yield of 13-14% if achieved for guide price. Some excellent sales evidence in the area, some examples of this are as follows:- **9, Bridge Street, Banff AB45 1HD £68,500** **45, Bridge Street, Banff AB45 1HD £70,000** **39, Bridge Street, Banff AB45 1HD £98,500**

Guide Price: £44,000 - Bid Now


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained...

You may submit an offer now on any of our live properties for the sellers 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.

Map & Location:


Amenities are available locally within Banff Town Centre with a further range of shops, bars and restaurants found in Aberdeen City Centre lying to the south. Public transport links are available locally along with a network of local bus services serving the surrounding areas. The property is served by road links including the A96 located to the West. Recreational pursuits can be found at Duff House Royal Golf Club lying to the south east. For the out door enthusiast there are hillwalking, golf, fishing, horse riding and shooting facilities around the town. The world famous whisky trail ends approximately 20 miles away.

Viewings:


Open Viewings Scheduled...


  • Tuesday, September 11, 2018  :  11.00am -> 11.15am


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    23 October 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form