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Portfolio of 8 Properties, Gourock & Dunfermline, Dunfermline, KY11 8SQ

not specified / Other / Investment

For Sale - £725,000.00

Available - Last updated: 18 January 2021

Portfolio of 8 fully income producing residential properties for sale.

Location

Covenanters Rise in only two miles from Dunfermline town centre and benefits from easy access to the M90 leading south and to Edinburgh. Dunfermline is 18 miles from Edinburgh and 38 miles from Glasgow.

Gourock is an attractive town within the Inverclyde area and is approx. 29 miles from Glasgow. The area is synonymous with being popular with tourists due to its seaside location.

Accommodation

The properties in Dunfermline are all on Covenanters Rise and comprise two block of terraced (4 in a block) two story modern houses. The properties all have secure private gardens to the rear and plentiful on street parking.

The properties in Gourock are all two bedroom flats within traditional built multi storey tenement buildings.

Terms

TENANCIES & INCOME - All of the properties are currently rented out on short term letting agreements with the tenants responsible for Council Tax and all domestic bills in relation water, electricity and gas.

The properties in Gourock are managed by Morrison Walker Property Management and the properties in Dunfermline are looked after by Cairn Letting in Dunfermline.

All properties have a good track record of continued occupancy.

PRICE - Our clients are seeking offers over £725,000 for the benefit of the freehold interest in all of the properties.

Our clients will also consider offer for part of the portfolio.

EPC - A copy of the Energy Performance Certificates are available upon request.

ENTRY - Entry is available upon completion of legal formalities.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.

INCOME DETAILS:

78 Covenanters Rise, Dunfermline, KY11 8SQ - £470 monthly rent

80 Covenanters Rise, Dunfermline, KY11 8SQ - £460 monthly rent

82 Covenanters Rise, Dunfermline, KY11 8SQ - £430 monthly rent

84 Covenanters Rise, Dunfermline, KY11 8SQ - £450 monthly rent

Flat 3/3, 8 Kempock Street, Gourock - £450 monthly rent

Flat 2/3, 8 Kempock Street, Gourock - £425 monthly rent

Flat 2/1, 21 Cardwell Road, Gourock - £425 monthly rent

Flat 3/1, 71 Albert Road, Gourock - £450 monthly rent

Total - £3,560 monthly

Specification

  • 4 properties in Dunfermline all on “Covenanters Rise”.
  • 4 flats in Gourock.
  • Currently monthly income of £3,560 (£42,720 per annum).
  • All currently income producing on short term lets.
  • Offers over £725,000 invited.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over For Sale Freehold £725,000.00 NA

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Contact agents

Jonathan McManus

DM Hall

0141 432 0934



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