38 Kennedy Terrace, Wick, Caithness, KW1 5BN

  • Unconditional Online Auction Sale
  • Guide Price* : £22,000

SALE BY ONLINE AUCTION THURSDAY 4TH NOVEMBER. Incredible investment opportunity in desirable Highland town. Large two bedroom upper cottage style flat, Ideal for Holiday Let / Second Home or Investment Property. Potential 23%+ Rental Yield if purchased at Guide Price.

Description

SALE BY ONLINE AUCTION THURSDAY 4TH NOVEMBER.

***Seldom brought to the market for sale ***Large two bedroom upper cottage style flat*** SUPER SIZE circa 73 sq mt*** 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*** Potential 23% 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.

Nearby Sales: ***32 Kennedy Terrace, Wick Sold for £20,000 (June 2021)***34 Kennedy Terrace, Wick Sold for £20,000 (June 2021)***36 Kennedy Terrace, Wick Sold for £20,000 (July 2021)***

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 Upper 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 23%+ 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 73sqm or thereby.

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* 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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Bidding Opens On
4th Nov 2021 09:00
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