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

Flat A, B, C, D, E And F, Albert Place, Burnbank Street, Campbeltown, Argyll And Bute, PA28 6JB

*Guide | £140,000+ (plus fees)

  • Block of Apartments
  • 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

Portfolio of six flats

Excellent opportunity for the buy to let investor to purchase “Albert Place”. This impressive seafront building comprises 6 flats with a mixture of 2 x three bed maisonettes, 1 x two bed maisonette and 3 x two bedroom flats formed over one level. The properties all benefit from double glazing, gas central heating and were renovated throughout in 2012. This lot would be an excellent addition to any buy to let portfolio with a current rental yield of 9.8% if purchased at the current guide price with only three of the six properties currently let. The properties are comprised as follows, Flat A is currently vacant and comprises lounge, kitchen, two bedrooms and bathroom. Flat B is currently rented at £4,680 p.a. and comprises lounge, kitchen, two bedrooms and bathroom. Flat C is currently rented at £4,420 p.a. and comprises lounge, kitchen, two bedrooms and bathroom. Flat D is currently rented at £4,758 p.a. and comprises lounge, kitchen, three bedrooms, bathroom and W/C. Flat E is currently occupied and is a Maisonette flat comprising lounge, kitchen, two double bedrooms, bathroom and W/C. Flat F is currently vacant and comprises lounge, kitchen, three bedrooms, bathroom and W/C.

Tenure

Freehold

Being sold as a portfolio of 6 flats within 1 building

Great buy to let opportunity

3 flats currently vacant

3 flats currently occupied

New kitchens installed after 2012

Enclosed shared courtyard

Scenic views

Area

Campbeltown is a thriving, high amenity town. The town is well served by many high street and local shops including supermarkets, several garages, a college, schools, a medical centre/hospital and yacht club. Campbeltown is popular with tourists and has a variety of hotels and restaurants. The town holds an annual regatta and music festival. The famous Machrihanish championship links golf course was recently ranked 22 by Golf Monthly Magazine out of the top 120 courses in the UK and Ireland.

Local Authority

Argyll and Bute 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.