3 bed property for sale

Portfolio Of Three Tenanted Properties, Park Road, Elgin, Moray IV30

Rare opportunity to acquire a portfolio of three income-producing bungalows with an additional development plot in the wonderful village of Lhanbryde by Elgin.

Income and development portfolio.

An outstanding investment opportunity comprising three tenanted bungalows generating an immediate rental income of £13,200 per annum, together with a former commercial site offering exciting redevelopment potential (subject to the necessary consents).

Situated in the popular Moray town of Lhanbryde, Elgin, the portfolio benefits from established tenants, professional management and a realistic combined value of approximately £180,000, making this an attractive proposition for investors, developers and landlords alike.

The tenanted properties command an immediate rental income of £1,090 per month (£13,080 per year) and an additional development plot offering potential for additional income.

20 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.

22 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom semi-detached bungalow sold with settled long-term tenant paying £350 per month (£4,200 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.

24 Park Road, Elgin, IV30 8PJ- Home Report Valuation - £50,000

1 Bedroom detached bungalow sold with settled long-term tenant paying £390 per month (£4,680 per year). The tenancy is professionally manged by a reputable local agency who are happy to continue with the management.

The accommodation benefits from electric heating and double glazing and comprises: Entrance vestibule, living room, hallway, bedroom, kitchen and bathroom. Property has recently been re-wired and upgraded.

Included in the sale is an excellent development opportunity. A former commercial property offering the opportunity for full re-development. The area is currently designated as garden ground but redevelopment will be encouraged by the local authority.

Potential for bungalow or for flats with new development strongly encouraged by the local authority (subject to necessary consents).

The historic town (and former city) Elgin is the largest town and administrative centre of the Moray region in Scotland's North East with a resident population of 25,000 and offers excellent access to the larger cities of Aberdeen and Inverness.

This lot will be sold under auction terms and conditions by Braveheart Auctions.

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