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Portfolio of 4 Properties.Rented for £18k/yr, Untouched Holiday Dest, Rothesay, Isle of Bute,Scotland

GBP 159,950

Type:  For Sale

Bedrooms: 6

Price: £ 159,950, 

Rental Status: Fully Tenanted 
 
Rental Income:  £ 18,000

Gross Yield:  12 %

Description: 

ALL FREEHOLD.

Portfolio of 4 tenanted apartments
An extremely popular holiday destination and could easily be adapted to the holiday market, which is now seeing year on year growth. All apartments are tenanted and the current annual rental income from all 4 is £ 18,000. All apartments have recently undergone extensive refurbishments, with the two bedroom having a RIC’s valuation of £ 60,000, We have 2 x 2 bedrooms and 2 x 1 bedroom apartment on offer. All properties have gas central heating, double glazing, fitted kitchens, lounges and bathrooms. And finished off to a very high standard.

Even if only one of the apartments was to be made available to the holiday or Serviced Accommodation sector, you could easily achieve £ 50 – £ 65 per night, (based on local standard rates).
That would give an investor £ 11,442 per year based on a 55 % annual occupancy rate.

As we have 4 apartments here so the returns are very lucrative.

TERMS : CASH BUYERS ONLY, PRICE EXCLUDING LEGAL FEES AND SCOTTISH GOVERNMENT FEES. WE CAN HELP FINDING EFFICIENT ACCREDITED SOLICITOR WITH NO REFERRAL FEES. FIRST COME FIRST SERVE.

Area:
State/County:
Country: United Kingdom
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Property Id : 21227
Price: GBP 159,950
Property Size: 4.00 ft2
Rooms: 8
Bathrooms: 4
walkscore72 / Very Walkable more details here
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