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1 bedroom flat for sale

George Street, Stranraer, Wigtownshire, DG9

Guide Price* £19,000

Property Description

Key features

  • Fantastic discount of 50% on current Home Report
  • Great buy to let property
  • Impressive potential rental yield of 18.6%
  • Can be sold as part of a small portfolio of 2 flats.

Full description

Tenure: Freehold

This preferred first floor flat is offered over 1 level and comprises of welcoming reception hallway, Lounge with two large front facing windows providing ample natural light, internal kitchen, bedroom and bathroom. The property is also neutrally decorated throughout and benefits from gas central heating. Located on the High Street the flat would be a great buy to let with a potential rental yield of 18.6% and equally impressive discount of 50% against current Home Report.
The flat can be sold separately or as part of a small portfolio of two 1 bedroomed flats. This is a great opportunity to get one or two high yielding flats to add to any current landlord portfolio or for someone who is just getting into the buy to let market.

This property is for sale under conditional auction terms - this allows a buyer friendly method of purchase. We do not require the purchaser to immediately sign the Minute of Preference and Enactment, but instead allow 28 days to achieve conclusion of missives and a further 28 days thereafter to complete the purchase. Allowing the additional time to conclude missives means interested parties can proceed with mortgage finance. Upon close of a successful auction or if the vendor accepts an offer prior or post auction, the buyer will be required to pay a non-refundable reservation Fee of 2.5% to a minimum of 2,500.00 + VAT = (3,000.00) which secures the property and takes it off the market.. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed.

Listing History

Added on Rightmove:
22 November 2016

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Disclaimer - Property reference 1georgestreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction Property Scotland, Prestwick. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction Property Scotland, Prestwick on 01313227044.


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