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

49, Barrasgate Road, Fraserburgh, Aberdeenshire, AB43 9DQ

*Guide | £15,000+ (plus fees)

  • Ground Flat
  • 1 Bedroom
  • 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

Viewing Times:

Tue 19 Mar

15:00-15:15

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.

Tenure

Freehold

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

Area

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

Local Authority

Aberdeenshire 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.