For Sale By Auction | 14:00, 05 April 2019

Teviot House, 57 Newall Terrace, Dumfries, DG1 1LN

*Guide | £170,000+ (plus fees)

  • Town House
  • 6 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 05/04/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

HMO townhouse

This is an exciting opportunity to buy a fully compliant townhouse HMO property close to Dumfries town centre. The well-presented and spacious accommodation extends over three floors and comprises large lounge and kitchen on the ground floor and two double bedrooms and one single on each of the upper floors. Each of the bedrooms and lounge are being offered fully furnished to suit student tenants and there is also a smaller room that could be considered as a single bedroom seven but the current owner has utilised as a study room. Additional accommodation includes family sized bathroom with shower, two WCs, a shower room on the second floor, and there is also a large cellar below that extends over the full floor area and offers extensive storage. Further benefits include eight burner range cooker in the dining kitchen and conventional gas central heating system incorporating hot water tank, garden drying area. The proximity to both University of West of Scotland and University of Glasgow campuses have allowed the current owner to operate a successful HMO business with past revenue of approx £24,000 p.a. and the owner has also offered as Serviced Accommodation producing income in excess of £3,000 per month. Other than HMO or S.A. the new owner could also consider the possibility of bed and breakfast or whole house holiday rental. This is a great investor opportunity and early expression of interest is strongly recommended.

Tenure

Freehold

Fully compliant and licensed HMO townhouse

Previously achieved HMO rental of £24,000 p.a

Fully furnished and ready to rent

Potential increased revenue through Serviced Accommodation

Ideally located for Universities

Close to Dumfries town centre

Area

The town of Dumfries has three golf courses, a hospital and a Morrisons supermarket. The railway station provides access to Glasgow, Edinburgh and south to Carlisle, where connections can be made for the rest of England. Excellent local primary schools and Dumfries Academy is a well regarded secondary. The Crichton University campus is also nearby. The A74 motorway provides motorway connections both north to Glasgow and south, via the M6, to Carlisle, Penrith and central and southern England.

Local Authority

Dumfries and Galloway Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.