Flat for sale in Millburn Road, Inverness IV2

Fixed price £99,999
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Flat for sale - 1 bedroom

1 1 1

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Buy-to-let Investment
  • Tenanted & Fully Compliant
  • 1 Bedroom
  • 56 sq m
  • Home Report £105K
  • EPC Rating: C
  • Current rent £625pm
  • Furnished Let
  • Current Yield 7.5%

Property description

Tenanted 1 bedroom property close to the Inverness city centre. This first floor flat is located within a traditional three storey stone tenement building. The accommodation comprises entrance hall, living room, kitchen, bedroom & bathroom with WC. The property benefits from having gas central heating, double glazing, well kept communal areas and being within a short walking distance of the city centre.

The property is being sold with the tenants in situ as a buy-to-let investment and is fully compliant with prt, property inventory, eicr, gas safety, pat, legionella risk assessment, and deposit certificate. The tenant has been a resident since May 2022 providing rental income on day 1 of purchase, the current tenancy generates an annual rental income of £7,500. Please note, for a future tenancy the property has the potential to secure £7,800pa and generate a yield of 7.8%. The property is sold as seen and the sale price includes all the inventory items.

Inverness is regarded as the capital of the Highlands. It received city status in 2000 and has a population of around 50,000.

Property info

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Portolio, and do not constitute property particulars. Please contact Portolio for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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