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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

Block of 6 Individual Flats in beautiful area. 5 of the 6 flats are tenanted with Rent £14,720p.a. Relatively low rents with potential to increase £30kpa. ** £240k Cumulative Home Report Values **

*** NO ADS PAYABLE as so as portfolio so exempt from 8% Additional Tax on Sale Price *** The property comprises 6 individual flats contained with a 3 storey terraced building.

Each of the flats is let under Private Residential Tenancies and the current combined income is £14,720 per annum. We anticipate a realistic market rental of £30kpa managed over time.

HIGH DEMAND RENTAL LOCATION Nearby amenities include shops, schools, and access to transportation services. FANTASTIC BUY TO LET INVESTMENT with instant income and great capital growth potential.

The development is located on Newtown, in what is considered an established residential area, a short distance to the north of the main commercial shopping thoroughfare and town centre.

** £240k Cumulative Home Report Values ** RICS REPORTS AVAILABLE TO DOWNLOAD. Block of 6 Apartments (1x2 Bed, 1 x 1Bed & 4 x Studios) in the centre of the residential area. Fully tenanted Income Producing £14,720p.a. (VERY LOW RENT) ERV The property comprises 6 individual flats contained with a 3 storey terraced building. The access is via a centrally positioned entrance, the front elevation leading to a central close. Block Summary Flat 11A Lounge/bedroom, kitchen and shower room (Ground Floor) Flat 11B Lounge/bedroom, kitchen and shower room (Ground Floor) Flat 11C Entrance hall, lounge/bedroom, kitchen and shower room (First Floor) Flat 11E Entrance hall, lounge/bedroom, kitchen and shower room (Second Floor) Flat 11F Entrance, Hall, lounge/bedroom, kitchen and shower room (Second Floor) Flat 11G Lounge, kitchen/dining area, bedroom and shower room. (Attic Flat) Each of the flats is let under Private Residential Tenancies and the current combined income is £14,720p.a. Relatively low rents with potential to increase up to £30kpa + over time. HIGH DEMAND RENTAL LOCATION Nearby amenities include shops, schools, and access to transportation services. FANTASTIC BUY TO LET INVESTMENT with instant income and great capital growth potential. The development is located on Newtown, in what is considered an established residential area, a short distance to the north of the main commercial shopping thoroughfare and town centre.

Cupar is a former market town in North East Fife, having resident population just in excess of 9,000 persons but also serves as a centre for a large rural hinterland. The town contains a mixed range of commercial businesses in the busy town centre with well established industrial users located in business parks and industrial estates on the eastern outskirts of the town. Cupar lies approximately 11 miles north-east of Glenrothes which is the main administrative and commercial centre for the whole area, while the historic university town of St Andrews lies some 9 miles due east. The cities of Perth and Dundee are within convenient travelling/commuting distance while the town also benefits from a mainline railway station, together with good road links providing access to the Central Scotland motorway network

Full Address: 11 Newton, Portfolio of 6 Flats, Cupar, KY15 4DD

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £14,720 per year / £1,227 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

Document Downloads

  Legal Docs (Pending)

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Guide Price: £118,000


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 prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £4,000 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

Buy Now Price = £179,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

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