Flat for sale in Wellington Street, Dundee DD1

Tenanted 3 bedroom HMO compliant investment property within walking distance of Dundee City Centre. This buy-to-let apartment is located on the first floor and comprises a spacious hallway, living room, modern kitchen, three bedrooms and a bathroom with shower. The property benefits from a central location and is therefore ideally placed for both Dundee University and Abertay University, has been fully modernised including gas central heating and double glazing, and is fully compliant for the rental market

The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since August 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £12,600 which represents an immediate yield of 9% and a potential yield at current market rental rates of 10.3%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £145K.

Scotland’s fourth largest and notably sunniest city, Dundee lies on the east coast, on the Firth of Tay estuary, and was recently voted by the Sunday Times as one of the top twelve places to live in Britain. A historic port and now a unesco City of Design, Dundee is brimming with culture; boasting a regenerated waterfront with two nautical museums (rrs Discovery, Captain Scott’s Antarctic expedition ship, and the 19th-century warship, hm Frigate Unicorn) and the architectural triumph of the newly opened V & A Dundee, Scotland’s first design museum. Further museums, arts centres and theatres can be found across the city, along with a vibrant array of bars and restaurants. A wildlife centre, cinemas and excellent sports and leisure facilities are also on offer. Largely walkable, Dundee provides a delightful and convenient shopping experience, hosting a wide selection of high-street retail outlets, shopping centres (one with a large public library) and supermarkets. The city provides education at all levels, with private and state institutions and one of the UK’s leading universities. Major road and rail links connect Dundee to the rest of Scotland and further afield, whilst Dundee airport also offers flights to London City Airport