Auction House / Scotland
  • For Sale By Unconditional Online Auction
  • Guide Price* : £130,000
  • Auction Ended 01/08/2023
  • Lot 47

20 Elizabeth Street & 82 Main Street, Dunfermline, Fife, KY11 4AY

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Description

Being sold as part of a portfolio of two flats
New to the auction market is this Fife portfolio, comprising two, two bedroom ground floor flats in Main Street, Lumphinnans and Elizabeth Street, Dunfermline. Elizabeth Street is currently tenanted with a monthly rental of £550pcm but is being offered with vacant possession with the tenant due to leave on/by 20th June. The property is part of a block of four, with accommodation comprising lounge, two bedrooms, galley kitchen and bathroom. Further benefits include off road parking and shared garden space per the associated title documents. No internal viewings are available due to tenant in situ, but the property can be viewed externally at any time. Lumphinnans is a spacious property which offers front facing lounge, two double bedrooms, dining kitchen with utility off, and bathroom with over bath shower. In addition, there is a large basement/cellar area which, potentially, could be converted into additional accommodation subject, of course, to the required permissions/warrants. Cumulative LHA rentals offer a gross rental yield of 8.7%, but local comparables would suggest that both properties could achieve higher revenues given the strong rental market. This is an outstanding opportunity for a rental investor to add to their existing buy to let portfolio or could be an ideal first step into building a property rental business. This is sure to move quickly, so early expression of interest is essential.

Please Note
If this fails to sell, the properties will be offered as separate Lots in this Auction.

Council Tax Band

A

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

3.6% including VAT subject to a minimum fee of £3,600.00 including VAT payable on the fall of the Virtual Gavel.

Disbursements

Please see Legal Pack for any Disbursements.

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* Guide | £130,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

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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.