36 Kennedy Terrace, Wick, Caithness, KW1 5BN

  • Unconditional Online Auction Sale
  • Guide Price* : £24,500

PRICE DROP : GUIDE PRICE WAS £34,000 - NOW £24,500. MASSIVE DISCOUNT! Incredible investment opportunity in desirable Highland town. Large two bedroom lower cottage style flat, Ideal for Holiday Let / Second Home or Investment Property. Potential 20%+ Rental Yield if purchased at Guide Price.

Description

SALE BY ONLINE AUCTION THURSDAY 1ST JULY 2021 AT 9.00AM - 36 KENNEDY TERRACE, WICK, KW1 5BN

***Seldom brought to the market for sale ***Large 2 bedroom lower cottage style flat*** SUPER SIZE circa 70 sq mt*** Ideal for Holiday let / second 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*** Potential 20%+ Rental Yield at Guide Price***

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 the property 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 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, this 2 bedroom flat is in a quiet residential street, within walking distance to the city centre and all local amenities. The property 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 lower Flat in Picturesque Location*** Located in the historic Old Wick, this 2 bedroom flat is in a quiet residential street, within walking distance to the city centre and all local amenities***** Ideal for Holiday let / 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 20%+ Rental Yield on this property*** 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 the property is 70 sq mt or thereby.

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BRIDGING FINANCE AVAILABLE ON THIS PROPERTY
Online Property Auctions Scotland have teamed up with a local boutique finance house to provide pre-approved finance on this property. Subject to terms and conditions, contact us for more details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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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1st Jul 2021 09:00
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