Portfolio Of Three Tenanted Properties, Park Road, Elgin, Moray, IV30 8PJ
- PROPERTY TYPE
House
- BEDROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Portfolio of three tenanted bungalows plus additional development site
- Immediate rental income of £1,100 per month (£13,200 per annum)
- Home Report valuations totalling £150,000 across the three residential properties
- Additional former commercial site with redevelopment potential (subject to planning)
- Established long-term tenants with professional property management already in place
- Popular residential location close to schools, shops and local amenities
- Excellent opportunity to combine immediate income with future development potential
- Bid now! To avoid missing out
Description
Income and development portfolio.
An outstanding investment opportunity comprising three tenanted bungalows generating an immediate rental income of £13,200 per annum, together with a former commercial site offering exciting redevelopment potential (subject to the necessary consents).
Situated in the popular Moray town of Elgin, the portfolio benefits from established tenants, professional management and a realistic combined value of approximately £180,000, making this an attractive proposition for investors, developers and landlords alike.
The tenanted properties command an immediate rental income of £1,090 per month (£13,080 per year) and an additional development plot offering potential for additional income.
20 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000
1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.
22 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000
1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.
24 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000
1 Bedroom detached bungalow sold with settled long-term tenant paying £390 per month (£4,680 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.
The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.
Included in the sale is an excellent development opportunity. A former commercial property offering the opportunity for full re-development. The area is currently designated as garden ground but redevelopment will be encouraged by the local authority.
Potential for bungalow or for flats with new development strongly encouraged by the local authority (subject to necessary consents).
The historic town (and former city) Elgin is the largest town and administrative centre of the Moray region in Scotland's North East with a resident population of 25,000 and offers excellent access to the larger cities of Aberdeen and Inverness.
This lot will be sold under auction terms and conditions by Braveheart Auctions.
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Portfolio Of Three Tenanted Properties, Park Road, Elgin, Moray, IV30 8PJ
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Visit our security centre to find out moreDisclaimer - Property reference 673FH. 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 Braveheart Auctions Limited, Edinburgh. 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.
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 Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*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.”
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