One Bedroom gorund floor flat
This one bed ground floor flat in Fraserburgh presents an exciting value add opportunity for a developer/investor. The accommodation comprises spacious lounge with traditional features, kitchen with wall and base units, one double bedroom and bathroom with over bath shower. The property also benefits from gas central heating, double glazing (excluding kitchen window), shared garden area to rear and is conveniently located for the harbour and all town centre facilities. The property requires a programme of upgrade and modernisation which allows an investor to add value and resell or hold as a high yielding rental property. Potential rental income of £5,520p.a. (LHA) and 40% discount against Home Report is sure to attract strong levels of demand and early expression of interest is highly recommended. EPC Rating D.
Home Report £25,000
Outstanding 40% reduction against Home Report value
Exciting opportunity to add value through upgrade and modernisation
Convenient central Fraserburgh location
Ideal buy to let property
Potential rental value £460pcm at LHA rate / £5,520pa
Fraserburgh is a popular coastal town outside Aberdeen. There is a good choice of local shops, bars and restaurants. There are good transport links and it also has its own golf course. This is a popular buy to let locale for people working for the oil industries. The town comprises several attractions including an award winning sand beach, a major harbour, the lighthouse museum, heritage centre and a variety of amenities and facilities all within close proximity.
Energy Efficiency Rating (EPC)
Current Rating D
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.