£129,995 Guide price
Fantastic investor opportunity to purchase these four flats occupying a full building on Castle St, Fraserburgh. The flats are formed over three floors and consist of two x one bedroom flats on the ground floor, a three bedroom flat on the 1st floor and a three bedroom flat on the second floor. The top floor flat is currently tenanted at £600pcm with the other three flats becoming vacant recently. The two three bed flats have double glazing and gas central heating (new boilers within the last year) and the one bedroom flats have double glazing and electric heating. The building has a secure entry system and there is a communal garden area to the rear. With full occupancy this portfolio could offer a rental yield of over 17% at LHA rates and a massive discount from the current property values.
Property Specifications
39A Castle Street
Lounge 4.129m x 3.249m
Kitchen 3.646m x 2.675m
Bedroom 3.407m x 2.856m
Bathroom 2.492 x 1.509
39B Castle Street
Lounge 4.377m x 3.233m
Kitchen 3.403m x 2.571m
Bedroom 2.767m x 2.468m
Bathroom 2.497m x 1.483m
39C Castle Street
Lounge 5.296m x 4.389m
Kitchen 5.042m x 4.126m
Bedroom One 3.453m x 3.272m
Bedroom Two 3.460m x 3.065m
Bathroom 2.490m x 1.538m
39D Castle Street
Lounge 5.429m x 4.361m
Kitchen 5.442m x 4.077m
Bedroom One 4.002m x 3.232m
Bedroom Two 4.008m x 2.789m
Bedroom Three 3.063m x 2.802m
Bathroom 2.805m x 1.877m
Area
The property is located within the town centre of Fraserburgh and is only a short walk from the harbour, beach and bus station. Fraserburgh is positioned 42 miles from Aberdeen on the North facing Coast of Buchan. The town still sees many fishing boats in the harbour and is the largest shellfish port in Europe. The town is a traditional seaside resort and has a good range of local amenities and facilities. Primary and Secondary schooling are available in Fraserburgh and a good bus service is in operation to the city of Aberdeen.
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