2 bedroom flat for sale

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2 bedroom flat for sale

Strait Path, First Floor Flat, Banff, Banffshire AB45
£25,000

Our Summary

  • Further development required to complete conversion into 2 flats
  • * EXCELLENT DEVELOPMENT OPPORTUNITY * Sales Evidence: 10, Strait Path, Banff, 1 bed sold for £60,000
  • Auction Details25 January 2024, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
  • Future Property Auctions - Scotland's Largest Land and Property Auction House

Description

This property is located in a coastal area and offers reduced buyer fees of 3% of the sale price, with a minimum of £3,250 + VAT. The property is within walking distance of the coastal path, harbor, and shops, making it a perfect holiday home or seaside retreat. The lot consists of a large flat with an existing dividing wall, which requires further development to convert into two flats. Once refurbished, the property has the potential to generate £800 per month in rental income. This is an excellent development opportunity, with sales evidence of similar properties in the area selling for £60,000 and £43,000. The property can be purchased as a buy-to-let investment or holiday let, and the auction will take place on January 25, 2024, at 10am.
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