1 bedroom flat for saleGeorge Street, Stranraer, Wigtownshire, DG9
Guide Price* £19,000
- 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.
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.
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*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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