Flat for sale in 2K, Mafeking Place, Top Floor Flat, Campbeltown, Mull Of Kintyre PA286Jd PA28

Guide price £16,000
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Flat for sale - 1 bedroom

1

Tenure:
Not available
Council tax band:
Not available

Property features

  • 1 bedroom apartment with Holiday let potential of up to £12-13,000pa or long term rental with £400pcm for lease. £4,800 per annum. Great opportunity in stunning location. Situated on the Top Floor.
  • As a short term Holiday let/ air bnb / vrbo potential would generate circa £35 per night. £12-13,000 pa. Fantastic yield opportunity in the region of 50%pa as holiday let.
  • **excellent capital growth** realistic completed property value of up to £50,000 based on current market conditions. Once renovated estimated value of £50,000. Ideal investment with great yield.
  • Local sales evidence; 11 Main Street, Campbeltown PA28 6AD sold for £49,000 August 2021***1 Flat 2/2 1 Mafeking Place, Campbeltown, PA28 6JD Sold for £50,000 April 2021*** huge potential***
  • Town centre location. Situated on the corner of Burbank Place and Bolam Street within Campbeltown’s centre. Close to all local amenities and transport links.

Property description

** sale by auction - 02 May 2024 - Timed Online Auction **

The building comprises a 4 storey residential development of traditional stone construction, rendered in roughcast at ground floor level. Access is gained via Burnbank Place via a controlled entrance door leading to a common stairwell with separate bin store located externally. 1 bedroom apartment comprising living room, bathroom, kitchen, storage cupboard & hallway. Holiday let potential or long term rental with £400pcm for lease. £4,800 per annum. Circa £50,000 Fully Let Rental Potential. More with short term holiday lets. Excellent opportunity in stunning place As a short term Holiday let/ air bnb / vrbo potential would generate circa £35 per night. £12-13,000 pa. Fantastic yield opportunity in the region of 50%pa as holiday let. Property requiring some refurbishment prior to habitation. Situated on the Top Floor.

The property is situated on the corner of Burbank Place and Bolam Street within Campbeltown’s centre. Campbeltown (population 6,000) is the principal town on Kintyre, a long peninsula on the west coast of Scotland with the Atlantic Ocean on its western seaboard and the Kilbrannan Peninsula and Firth of Clyde on the eastern seaboards. The Mull of Kintyre is to the south. It lies some 50 miles south of Lochgilphead and 138 miles south west of Glasgow and is accessible via the A83. The town is popular with tourists and has recently enjoyed a resurgence in popularity due to investment into local leisure facilities, the revival of whisky production and the support of the major wind power industry that has established itself on the peninsula. The harbour is busy with leisure, craft and fishing boats and the surrounding area provides for excellent golfing and water sports opportunities.

Auction Details
02 May 2024,10am-3pm
Timed Online Auction

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