Crockatts Building, Brechin DD9 1 bed flat for sale

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Crockatts Building, Brechin DD9 1 bed flat for sale

2, Crockatts Building, Brechin, DD97DH
£28,000

Price History

Initial price £30,000
16/01/25 £37,000
18/01/25 £28,000
25/01/25 £37,500
01/02/25 £29,000
22/02/25 £37,500
01/03/25 £29,000
08/03/25 £37,000
15/03/25 £28,000
Price Change -6.67%

Description

This second-floor flat is being sold by auction on March 20, 2025, with a guide price of £40,000. The property has been tenanted since 2012, with a current rent of £270 per month, generating an annual income of £3,240. The flat has one bedroom, a kitchen, living room, bathroom, and a shared yard and garden to the rear. It has mains gas supply, gas central heating, and double glazing. The property is located in Brechin, Angus, a popular town with a range of amenities, and is expected to appeal to buy-to-let investors looking for a project with excellent capital growth and rental yield potential. The expected rental yield is 21-24% per annum.