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6 bed property, in High Street, £380,000
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6 bed flat

High Street, Kirriemuir, 4 DD8
£380,000

Our Summary

  • Residential Investment Opportunity – Block of 6 Flats (variety of sizes from 1 to 3 bedrooms flats) with Option to Acquire Commercial Premises Below | Central Kirriemuir
  • An excellent opportunity to acquire a residential investment block comprising six flats in the heart of Kirriemuir, with the added option to purchase the commercial premises below, creating the potential to own the entire building
  • The vacant flats would benefit from some upgrading and modernisation, presenting an excellent opportunity for investors to add value through refurbishment, improve rental yields and potentially increase overall capital value
  • Investment Highlights: Residential block comprising 6 flats Option to acquire the commercial premises below Opportunity to own the entire building Mix of tenanted and vacant units Immediate income-producing asset Asset management and value-add potential Scope for refurbishment and rental growth Prime central Kirriemuir location Walking distance to all local amenities Strong demand for rental accommodation in the area Potential for enhanced yields and future capital growth (currently round 7% yield) Kirriemuir continues to attract both tenants and investors due to its strong local community, excellent amenities and convenient access to Dundee, Forfar, Angus and the surrounding employment centres

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Description

The property is a block of 6 flats located in central Kirriemuir, situated within walking distance of shops, restaurants, public transport links, and other local amenities. The flats are a mix of tenanted and vacant units, with the vacant units offering an opportunity for upgrading and modernization to improve rental yields and increase capital value. The optional acquisition of the commercial premises below is also available, offering the potential to own the entire building, providing multiple income streams and greater long-term control of the asset.