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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
£35,000
Flat A, Tenanted Flat, 61 Cross Street, Fraserburgh, AB43 9EL
£35,000
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 Fraserburgh, Aberdeenshire, a thriving coastal town with a strong sense of industry and maritime heritage. The property, a 1-bedroom first-floor flat, is currently rented out for £375 per month, generating an annual income of £4,500, with potential for a higher rental yield of £450 per month, £5,400 per year. The property is situated in a popular rental location, close to major employers, amenities, and attractions, including the famous harbour, North East College, and Fraserburgh Hospital. With a tenant already in place, this property offers an immediate rental income and an outstanding return on investment. The town boasts a beach, leisure centre, golf club, supermarkets, and easy access to Aberdeen and the North East of Scotland, making it an attractive location for investors.