Prime Property Auctions is excited to bring to market this exceptional HMO property located within a prime location in Perth - ***Guide Price £140,000***
Property consists of : 2, 3 bedroom rental properties, With 3 vacant bedrooms, Large lounge, Pub and large commercial kitchen.
Excellent turn-key investment Opportunity. Sure to appeal to investors looking for an already let property in a sought after location with great potential for Capital Growth. The local area has seen some great sales recently showing that there is strong demand.
Fantastic local sales evidence:
***The Cottage, Balbeggie, Perth, Pth PH2 6EU Previously sold for £350,000. Primrose Cottage, Main Street, Balbeggie, Perth, Perthshire PH2 6EZ Previously sold for £245,000.***
The property recently got accepted for planning to convert the property from what is currently a commercial to residential! Great opportunity for a shrewd investor.
Property is being offered as a turn key investment opportunity with immediate cash flow. ***EXCELLENT RETURN OF 13% Yield!***
Property is currently achieving an exceptional monthly rental of £1,800 pcm (£21,600 p/a), which provides an attractive 16% gross yield based on a guide price of £140,000. With an opportunity to fill the other vacant rooms!
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.