Property description

Key features:

• Multi-tenant residential investment.
• Achievable rent of c. £60,000 p.a.
• Yield 7.5%
• Short Scottish Secure Tenancy (SSST) agreements throughout.
• Capacity to increase rental income and alter lease agreements.
• Rent review due
• Occupancy rates typically 90%
• Fully factored
• Easily managed
• Offers Over £850,000

Full description:
CCL Property are delighted to present an attractive residential investment opportunity situated in the tranquil village of Halkirk, Caithness. Originally a poorhouse dating from 1856, Fairview House is a substantial residential complex comprising of 17 individual flats. There are one, two and three bedroom flats arranged over two floors. Fairview House provides rentals to a variety of clientele with different requirements.

Rental yield is above the national average at 7.5 %.

With full factoring in place the property can easily be owned and managed from a distance.

Property Features :

• Offers Over
• Tenure: freehold