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Residential portfolio for sale
Park Road, Elgin IV30
£110,000
Park Road, Elgin IV30
£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 tenanted properties are valued at £50,000 each, while the fourth, derelict bungalow offers potential for development and is valued at least £30,000. The combined value of the portfolio is estimated to be £180,000. The properties are located in a popular residential area, close to local schools and shops, and offer a strong potential for capital growth. The tenanted properties are professionally managed, and the buyer will have the opportunity to take over the existing tenancies. Additionally, the fourth property presents a development opportunity, with the local authority encouraging redevelopment into a bungalow or flats, subject to necessary consents.