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Residential Development Opportunity , 12-14 Hill Street, Inverkeithing, KY11 1LP

not specified / Other / Residential

For Sale - £1,250,000.00

Available - Last updated: 24 June 2021

The subjects comprise a total of 12 residential flats contained within a reasonably modern block with associated car parking and garage spaces at ground floor level. Several secure access doors allows entry to the block.

The flats are laid out over 4 levels and are part income producing. The current income on the block is £5,400 pcm/£64,800 per annum. Further information can be provided to all genuinely interested parties.
( Agency Pilot Software Ref: 50144 )

Location

The town of Inverkeithing is located approximately 13 miles west of Edinburgh city centre and immediately east of the M90, the main road linking to the north of Scotland, Perthshire and Fife from Scotland’s Capital. The Queensferry Crossing is the largest infrastructure project in Scotland for a generation with an approximate cost of £1.35 billion. The bridge acts as the link for the M90 motorway across the Firth of Fourth. Inverkeithing is a rapidly expanding town within Fife with several developments currently ongoing, both commercial and residential.

The “Taylor Wimpey Spencer Fields” development is currently under construction for circa 150 residential units. Several new build commercial and industrial parades have also recently been developed out in the town. New commercial opportunities are also available close by at “Queensferry One” Rosyth, with 120 Acres of land allocated for business uses. The Ferrytoll ‘Park and Ride’ situated at J.1B, off the M80 is one of the busiest commuter spots for Fife residents into Edinburgh. More precisely, the subjects are situated within the town centre, on Hill Street an established residential area. The train station is a short walk from the subjects some 650m (10 minutes on foot).

Accommodation

12a Hill Street 2 bed tenanted residential flat 55 sq.m

12b Hill Street 2 bed tenanted residential flat 55 sq.m

12c Hill Street 2 bed tenanted residential flat 55 sq.m

12d Hill Street 2 bed tenanted residential flat 55 sq.m

14a Hill Street 2 bed tenanted residential flat 55 sq.m

14b Hill Street 2 bed tenanted residential flat 55 sq.m

14c Hill Street 2 bed tenanted residential flat 55 sq.m

14d Hill Street 2 bed tenanted residential flat 55 sq.m

14e Hill Street 2 bed tenanted residential flat 55 sq.m

14f Hill Street 2 bed tenanted residential flat 55 sq.m

14g Hill Street 2 bed vacant residential flat 55 sq.m

14h Hill Street 2 bed tenanted residential flat 55 sq.m

Terms

PRICE The subjects are available for Sale with a guide from of £1,250,000. The flats are being sold subject to the tenancy agreements in place, where applicable.

EPC Available upon request.

COUNCIL TAX The subjects have a Council Tax Rating of B.

LEGAL COSTS Each party will be responsible for their own legal costs

Specification

• RARE PURCHASE OPPORTUNITY
• PICTURESQUE FIFE TOWN CLOSE TO EDINBURGH
• EXCELLENT COMMUTER LOCATION
• 12 X 2 BED FLATS IN ENTIRE BLOCK
• CAR PARKING + GARAGE’S INCLUDED
• PART INCOME PRODUCING
• CURRENT RENT £64,800 PER ANNUM

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £1,250,000.00 NA

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Contact agents

Garth Davison

Graham + Sibbald

01382 604250



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