Auction House / Scotland
  • For Sale By Unconditional Online Auction
  • Guide Price* : £27,000
  • Auction Ended 26/11/2020
  • Lot 7

Flat B, 61 Cross Street, Fraserburgh, AB43 9EZ

FOR SALE BY ONLINE AUCTION. BIDDING OPENS 24TH NOVEMBER AT 12 NOON AND CLOSES 26TH NOVEMBER AT 12 NOON - REGISTER TO BID!

Location

Cross Street is conveniently located in the commercial harbour town of Fraserburgh. The town centre offers a full range of retail and leisure facilities and the towns’ location makes it an ideal base for touring the surrounding countryside. Also available are numerous Primary Schools within the town, a Secondary School and a College of further education.

Description

We are pleased to offer bring to auction this two bed traditional flat enjoying preferred first floor position in the town of Fraserburgh. The accommodation comprises lounge with kitchen area off, two bedrooms and bathroom. Further features include electric heating, electric heating and convenient location for town centre facilities. The property is in need of some degree of upgrade which offers a great opportunity to add further value to the already competitive Guide Price. With a 23% discount against Home Report and potential rental yield of more than 26% at Guide Price this property is ideal for both buy to let investors as well as for owner occupiers. Early viewing is recommended to fully appreciate the value on offer.

Comps:
34, Charlotte Street, Fraserburgh, Aberdeenshire AB43 9JE, 2 bed, Unknown, £29,500, 11 Jun 2020
84b, Commerce Street, Fraserburgh, Aberdeenshire, AB43 9LP, 1 bed, Unknow, £49,000, 2 May 2018
52, School Street, Fraserburgh, Aberdeenshire, AB43 9HY, 1 bed, Unknown, £39,000, 29 Sept 2017

Keenly priced at 23% below Home Report valuation
Potential rental yield in excess of 26%
Opportunity to add value through upgrade
Ideal rental property or starter flat
Convenient town centre location

PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements

Please see Legal Pack for any Disbursements

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* Guide | £27,000
  • Flat
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.