Property for sale
Property description & features
- Tenure: Freehold
- Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let!*£110,000 GUIDE PRICE*
- 2 bedroom flats in this area range from: £135,000 - £205,000.Rental income is £650 - £800 pcm, Annual rental income of £7,800 - £9,600.Yearly income of £21,512 based on a 70% occupancy as a se
- Sure to appeal to investors / builders looking for a massive capital growth opportunity as well as a potentially huge rental income vehicle.
- The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
- Property was previously used as an office space before part refurbishment.
- Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let!*£110,000 GUIDE PRICE*
- Property was previously used as an office space before part refurbishment.
- Sure to appeal to investors / builders looking for a massive capital growth opportunity as well as a potentially huge rental income vehicle.
- The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
- 2 bedroom flats in this area range from: £135,000 - £205,000.Rental income is £650 - £800 pcm, Annual rental income of £7,800 - £9,600.Yearly income of £21,512 based on a 70% occupancy as a serviced accommodation investment.
Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let! BRRR Opportunity! *£110,000 GUIDE PRICE*
The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity.
The Local sales evidence shows that once renovated,
The value of 2 bedroom flats in this area range from: £135,000 - £205,000.The rental income is £650 - £800 pcm,This would provide an annual gross income of £7,800 - £9,600. There is also a massive opportunity to use these flats for Serviced accommodation.Based on local comparables, The weekly rate for this property as an SA investment is £591(£2,364 pcm) which would lead to a yearly income of £21,512 based on a 70% occupancy.
The property comprises: First & second floor with massive open space and a spacious attic more than suitable for storage or to let.
The property has a rateable value of £8,500.
Property is vacant as there must be renovations done to bring it back to standard.
Property benefits from sought after location with massive development potential. It is sure to appeal to landlords looking for a POTENTIALLY HIGH yielding investment. The seller will consider early offers.
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.
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.
Location
Nairn is nestled within the Highland region of Scotland, approximately 16 miles northeast of Inverness and 30 miles southwest of Elgin. The tranquil coastal town boasts a resident population of around 11,000, offering a perfect blend of scenic beauty and urban convenience. High Street stands as the bustling heart of Nairn's retail district, bustling with charming shops, cafes, and local businesses. A well-designed road network provides easy access to and from the area, ensuring seamless connectivity for residents and visitors alike. Surrounding the town, you'll find a mix of residential and commercial properties, creating a vibrant community atmosphere.
Places of interest
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*DISCLAIMER
Property reference 205306967. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 23, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 23, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 21, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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