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3 bedroom house for sale
Portfolio Of Tenanted Properties, Park Road, Elgin, Moray, IV30 8PJ
£110,000
Portfolio Of Tenanted Properties, Park Road, Elgin, Moray, IV30 8PJ
£110,000
Our Summary
- Outstanding investment opportunity
- The portfolio comprises 3 tenanted properties- commanding an immediate rental income of £1,100 per month (£13,200 per year) and an additional derelict bungalow offering potential for development
- Included in the sale is an excellent development opportunity
- A forth bungalow/ commercial property offering the opportunity for full re-development
- Potential for bungalow or for flats with new development strongly encouraged by the local authority (subject to necessary consents)
- Note to buyer- This property will be sold under auction terms and conditions
- Contact Braveheart Auctions for further information and discuss the possibility of a pre-auction offer
Description
This is an outstanding investment opportunity in Elgin, Scotland, comprising a portfolio of four bungalows, three of which are tenanted and generating an immediate rental income of £1,100 per month. The properties are located in a popular residential area, close to local schools and shops, and offer a realistic combined value of £180,000. The three tenanted properties are each independently valued at £50,000, while the fourth property, a derelict bungalow, offers potential for development and is valued at least £30,000. The properties are professionally managed and offer a mix of one-bedroom semi-detached and detached bungalows, each with electric heating and double glazing. The area is zoned for redevelopment, and the local authority is encouraging new development, making this an exciting opportunity for investors or developers. The property will be sold under auction terms and conditions, and interested buyers can contact Braveheart Auctions for further information and to discuss the possibility of a pre-auction offer.