£260,000 Guide price

64, Millgate Loan, Arbroath, Angus, DD11 1QW

16 bedroom conversion for sale

Property Details

Former B&B, with HMO Licence for 16 Rooms Located in the Town of Arbroath***Excellent Investment Opportunity*** The Property Comprises: Entrance Hallway, 16 Bedrooms, Large Living Room, Two Large Kitchens, Bathroom, Shower Block and WC's. The Property Also Benefits From: Conservatory, Front and Large Back Garden, Private Parking and Stunning Sea Views. The Property has 16 Bedrooms, and on average is returning £35,000 to £40,000 per annum. The rooms are let out on £60 to £90 per week. Ideal Investment Opportunity with Great Capital Growth Potential and Great Returns. If all rooms are Tenanted the Property could reach a Yield of 18%. Arbroath lies only 30 minutes drive from Dundee and is only 15 minutes by train. Arbroath offers a diverse range of shops, bars and restaurants, with the famous arbroath smokies available on the beachfront, which are renowned throughout Scotland. With Aberdeen just over an hour away, tenants are likely to work in the fishing, oil and services industry. For the family there are good primary and secondary schools along with Angus College Further Education Institute. Business people have discovered that Arbroath is ideal for commuting to Dundee providing access to main A90 road north and south. The town has excellent sports and leisure facilities, complemented with many local clubs, golf, tennis, football, rugby and bowls are all available.

This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.

 

Sold price history for DD11 in past 5 years

 

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Property History

  • Property added on 15 June 2015
  • New price Guide price £260,000 as of 9 October 2016
    Was: Guide price £280,000
  • New price Guide price £280,000 as of 27 February 2016
    Was: Guide price £300,000
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