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Flat A, Tenanted Flat, 61 Cross... 1 bed flat for sale
Flat A, Tenanted Flat, 61 Cross Street, Fraserburgh, AB43 9EL
£31,000
Flat A, Tenanted Flat, 61 Cross Street, Fraserburgh, AB43 9EL
£31,000
Our Summary
- Excellent investment opportunity
- The property will be sold with settled tenant in place paying £375per month (£4,500 per year)- low rent for area- offering a potential rental income of £450 per month (£5,400 per year) in popular rental location close to a number of major employers
- The property represents an outstanding investment opportunity with an immediate rental income of £375 per month (£4,500 per year) in popular rental location close to the town's famous harbour, major attractions and amenities
- This lot will be sold under auction terms and conditions and purchase will be on an unconditional basis
- The auction will take place online
- Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be payable upon acceptance of an offer with the remainder to paid through licenced conveyancer
- Seller has indicated that pre-auction offers will be considered for this investment property
Description
This is an excellent investment opportunity in the popular coastal town of Fraserburgh, Aberdeenshire. The property, a 1-bedroom first-floor flat, is already tenanted and generating a monthly income of £375, equivalent to £4,500 per year. With a potential rental yield of £450 per month (£5,400 per year), this property offers a strong return on investment. Located in a thriving rental location, close to major employers and amenities, the property is likely to appeal to investors seeking a stable and lucrative investment. The town of Fraserburgh boasts a range of attractions, including a beach, leisure centre, and golf club, and is easily accessible from Aberdeen and other parts of the North East of Scotland. The property will be sold under auction terms and conditions, with a reduced buyer's fee available, and the seller is open to pre-auction offers.