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2 bedroom flat for sale
3 Strait Path, Banff, Aberdeenshire, AB45 1AD
£19,000
3 Strait Path, Banff, Aberdeenshire, AB45 1AD
£19,000
Our Summary
- Large 2 bedroom duplex property is certain to appeal to investors as it offers the opportunity to add value through modernisation and refurbishment as well as potential for an excellent rental yield and even the possibility of reconfiguration to create an additional property- subject to planning of course
- The property has been vacant for an extended period and will require a degree of upgrading prior to habitation but this property offers an outstanding investment opportunity with a realistic rental income of £400pcm (£4,800 per year) easily attainable
- The property is extremely large and may offer potential for re-configuration to create 2 individual properties (subject to necessary consents) potentially commanding an increased rental income of up to £350 per month, per property (£8,400 per year) in excellent rental spot close to the well-equipped town centre
- This property is certain to appeal to investors as it offers potential to add significant value as well as offering a potentially excellent yield
- 3 Strait Path, Banff 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 a low-cost investment property located in the popular coastal town of Banff, Aberdeenshire. The 2-bedroom duplex property is in need of modernization and refurbishment, offering an opportunity to add value and potentially increase its rental yield. The property has been vacant for an extended period and can be rented out for £400 per month, generating a yearly income of £4,800. With potential for reconfiguration to create two individual properties, the rental income could increase to £8,400 per year. The property is situated in a desirable location, close to the town center, schools, and recreational facilities. The town of Banff is well-known for its historic buildings, tourist attractions, and proximity to major cities like Aberdeen and Inverness. The property is being sold under auction terms and conditions, with the buyer required to pay a deposit and the remainder of the purchase price through a licensed conveyancer. The seller is open to considering pre-auction offers, making this an attractive investment opportunity for those looking to add to their portfolio.