Property description
Key features:- Multi-tenant residential investment.
- Achievable rent of c. £60,000 p.a.
- Yield 7.5%
- Short Scottish Secure Tenancy (SSST) agreements throughout.
- Capacity to increase rental income and alter lease agreements.
- Rent review due
- Occupancy rates typically 90%
- Fully factored
- Easily managed
- Offers Over £850,000
Full description:CCL Property are delighted to present an attractive residential investment opportunity situated in the tranquil village of Halkirk, Caithness. Originally a poorhouse dating from 1856, Fairview House is a substantial residential complex comprising of 17 individual flats. There are one, two and three bedroom flats arranged over two floors. Fairview House provides rentals to a variety of clientele with different requirements.
Rental yield is above the national average at 7.5 %.
With full factoring in place the property can easily be owned and managed from a distance.
Property Features :
- Offers Over
- Tenure: freehold