Lot 225 - 90 Montrose Street, Brechin, Angus, DD9 7DF

  • Unconditional Online Auction Sale
  • Guide Price* : £19,500

Excellent investor buy to let purchase. This 1 bed flat in Brechin although in need of some repair works has a massive 30% discount to Home Report value and a great rental yield potential.

Description

• This property is being sold at auction, terms and conditions apply
• Perfect buy to let or starter flat
• Outstanding 30% discount against Home Report
• Modern kitchen and shower room
• Fantastic rental yield potential at LHA rates

We are delighted to present to auction this one bedroom ground floor apartment, conveniently located on the edge of Brechin town centre.

The accommodation comprises open plan lounge with modern kitchen off, double bedroom and shower room with WC. Some degree of repair work is required which presents a great opportunity to add value to the keenly positioned Guide Price.

A discount of more than 30% against Home Report, allied with a great rental yield potential is sure to attract interest from both buy to let investors as well as owner occupiers looking for a starter flat. Early viewing is recommended to fully appreciate the outstanding value on offer.

**PLEASE NOTE: As per the T&C's, an Auction Fee and 10% Deposit is due to be paid when your bid is successful.**

Tenure

Freehold

Location

Brechin sits on the banks of the River South Esk in Angus and enjoys convenient location just off the main A90 dual carriageway between Dundee to the south and Aberdeen to the north, being only 40 minutes’ drive from each. The town offers a variety of retail and leisure facilities, with a greater range available in nearby Montrose. The nearby A90 makes Brechin ideal for commuters, and train stations are available at Montrose and Laurencekirk, each being within approximately 15 minutes’ drive.

Comparables:

4 Crockatts Buildings. Montrose Street: Sold for £20,750 09/21

160 Montrose Street; Sold for £20,750 06/21

67 Montrose Street: Sold for £30,000 11/20

Accommodation

Open plan lounge with kitchen, 1 x bedroom, shower room

Local Authority
Angus Council

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold for £20,000

This auction is now closed.

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Local Authority

Angus Council

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