Two bedroom flat

Enjoy immediate rental income from this C-listed two bedroom first floor flat in Campbeltown, enjoying scenic location on the Kintyre Peninsula. The tenant in situ is currently paying £430 per calendar month, which equates to a gross rental yield of 14.7% p.a. at Guide Price, with the opportunity to increase in line with current legislation. Furthermore, the Guide Price offers an attractive discount of 30% against the Home Report valuation of £50,000. The accommodation comprises lounge, kitchen, two bedrooms, and bathroom, with the future opportunity to add value through upgrade. With local letting management in place, this represents an ideal addition to an existing BTL portfolio, but could equally be a perfect first step onto the rental property ladder. Early expression of interest is recommended. Council Tax Band B.

Tenure

Freehold

Area

Campbeltown is a thriving, high amenity town. The town is well served by many high street and local shops including supermarkets, several garages, a college, schools, a medical centre/hospital and yacht club. Campbeltown is popular with tourists and also has a variety of hotels and restaurants. The town holds an annual regatta and music festival. The famous Machrihanish championship links golf course was recently ranked 22 by Golf Monthly Magazine out of the top 120 courses in the UK and Ireland.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Inverclyde Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.