32, 34, 36 & 38 Kennedy Terrace, Wick, Caithness, KW1 5BN

  • Unconditional Online Auction Sale
  • Guide Price* : £115,000

SALE BY ONLINE AUCTION 9TH JULY 2020 AT 9.00AM. Incredible investment opportunity in desirable Highland town. Four large two bedroom cottage style flats sold as one lot. Ideal for Holiday let / 2nd home or Investment Property. Potential 15% Rental Yield on each property at Guide Prices.

Description

SALE BY ONLINE AUCTION 9TH JULY 2020 AT 9.00AM - FOUR LARGE TWO BEDROOM COTTAGE STYLE FLATS IN THE ONE BUILDING. 32. 34. 36 & 38 KENNEDY TERRACE, WICK, KW1 5BN

***Seldom brought to the market for sale ***Four Large Two bedroom cottage style flats*** SUPER SIZE circa 73 sq mt per flat***Two upper and two lower flats** Ideal for Holiday lets / 2nd homes or Investment Properties*** Great Location in Desirable Town*** Wick is located on the Iconic north route 500 driving route with attractions like castles, historic ruins & white-sand beaches*** Potential 15% Rental Yield at Guide Price***Sold as one lot in our online auction**

· The building was built circa 1950 and is of brick construction clad in blockwork and external insulation. The windows are timber and double glazed and the accommodation consists of a landing, inner hall, kitchen, lounge, two bedrooms & bathroom. The GIA of each individual flat is 73sqm or thereby.

· ***Sale instruction on behalf of asset managers*** 3 Kennedy Terrace, Wick Sold £50,000 (March 2015)**6 Kennedy Terrace, Wick Sold £43,125 (March 2015)**55 Kennedy Terrace, Wick Sold £54k*** Discounted By Asset Managers To Sell Properties**

· Estimated achievable rental levels (per flat) of £425pcm (£5100 per annum) on Scottish Private rented tenancies*** Potential for substantially higher income if rented on holiday lets***

· Located in the historic Old Wick, these flats are located in a quiet residential street, within walking distance to the city centre and all local amenities. The building is situated close to a public park and is within a mile away from the train station, hospital and high school. There is a retail park located half a mile from the property which includes a grocery store.

Fantastic Large 2 bedroom Flats in Picturesque Location*** Located in the historic Old Wick, this building is located in a quiet residential street, within walking distance to the city centre and all local amenities***** Ideal for Holiday lets / 2nd home or Investment Property*** Great Location in Desirable Town*** Wick is located on the Iconic north route 500 driving route with attractions like castles, historic ruins & white-sand beaches***Wick itself is a major regional centre and is host to Highland Council offices, The Wick Carnegie Library, Railway Station & regional newspapers. Moreover, Wick Harbour comprises 3 distinct areas with Wick Inner Harbour being an extensive marina complex, fast becoming a national base for leisure boating.***A rarely Available Opportunity in a central location within a vibrant Town Centre*** Potential for 15%+ Rental Yield per flat*** The building was built circa 1950 and is of brick construction clad in blockwork and external insulation. The windows are timber and double glazed and the accommodation consists of a landing, inner hall, kitchen, lounge, two bedrooms & bathroom. The GIA of each flat is 73sqm or thereby.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Bidding Opens On
9th Jul 2020 09:00
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