>
3 Strait Path, Banff, Aberdeenshire... 2 bed flat for sale
3 Strait Path, Banff, Aberdeenshire, AB45 1AD
£205,000
3 Strait Path, Banff, Aberdeenshire, AB45 1AD
£205,000
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 rare investment opportunity in the popular coastal town of Banff, Aberdeenshire. The large 2-bedroom duplex property, vacant for an extended period, requires modernization and refurbishment, offering the potential to add significant value. With a realistic rental income of £4,800 per year, the property could be reconfigured to create two individual properties, potentially commanding an increased rental income of £8,400 per year. Located in the former Royal Borough, the property enjoys easy access to local amenities, schools, and the beach. The town of Banff is well-known for its historic buildings, tourist attractions, and recreational facilities, making it an attractive spot for investors. With a reduced buyer's fee and the possibility of submitting a pre-auction offer, this is an outstanding investment opportunity with potential for a high return on investment.