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Residential properties for auction in Douglas Hall, Dumfries & Galloway

Create Alert 2 results Sorry, we currently do not have any listings in 0 miles of Douglas Hall, Dumfries & Galloway - Please find below the nearest listings available.
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Freehold investment property, 3 units, fully let, 16% gross yield

A substantial, mixed use, freehold property in a prime trading position comprising ground floor hairs salon, basement flat and upper flat.
The property is fully let producing an excellent income of £9,620 per annum which equates to a gross yield of 16% at the guide price.

Tenure
See Legal Pack

Ground Floor Hallway
with access to salon, basement flat and upper flat;

The Shop
Hair Salon - 26' x 11' approx with WC;

Upper Flat - 94a, Senhouse Street
First Floor Hall;
Front Sitting Room - 16' x 15'9 with double doors into:-
Kitchen - 12'3 x 8'3;
Second Floor Landing;
Bedroom 1 - 15' x 8'9;
Bedroom 2 - 15' x 6'9;
Bathroom - 8'3 x 5'3 with bath, basin and WC.

Basement Flat - 94b, Senhouse Street
Hall;
Living Room/Kitchen - 15' x 11';
Bedroom - 11' x 7';
Shower Room - 7'9 x 6' with shower, basin and WC;
Store Room - 14'9 x 14'6 - this room has no window.
N.B. This flat has access from the main, ground floor hall and also from the rear yard.

Outside
Rear yard with pedestrian access and fire escape.

Tenancies
Hair salon, long standing tenant at £45 per week = £2,340 per annum;
Basement flat, new tenant on Assured Shorthold Tenancy at £65 per week = £3,380 per annum;
Upper flat, long standing tenant at £325 per month = £3,900 per annum.

Viewing
Please telephone 01900 602777

Energy Efficiency Rating (EPC)
Current Rating TBC

Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority
Allerdale Borough Council

Additional Fees
Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Viewing Times
Sat 11 Aug 13:00-13:30
Sat 18 Aug 10:30-11:00
94, Senhouse Street, Maryport, CA15 6BS
Freehold investment property, 3 units, fully let, 16% gross yield
Type: Flat, General Retail, Mixed Use, Residential, Retail, Other Property Types & Opportunities
Location: 94 Senhouse Street, CA15 6BS
Images: 7
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New
Features
Freehold
Detached property
4 x 2 bedroom maisonettes
4 x 1 bedroom maisonettes
2 x 1 bedroom self-contained flats
Improvement works carried out
Potential rental income of £46,000 per annum
Potential gross yield of 23%

Location
This property is located on Crosby Street, which is within walking distance to the town centre of Maryport. There are two local supermarkets located within walking distance of the property, including a Co-op and Lidl. Maryport is located close to the Lake District National Park, which is less than 15 miles to the south east.
Maryport, situated in Cumbria, is approximately 6 miles north east of Workington, with easy access via the A596. The train station is just a five-minute walk from the property, providing regular access up and down the country.

Description
• For Sale By Online Auction: 22nd – 23rd August 2018
• Guide Price: £200,000+
• Potential income of £46,000 per annum
• Potential yield of 23% based on the guide price
• 10 self-contained flats – part let

A detached two storey property with accommodation arranged over lower-ground, ground and first floors.
Accommodation includes four one-bedroom maisonettes, four two-bedroom maisonettes and two one-bedroom self-contained flats.
Recent improvement works have been carried out by the current vendor, including redecoration, new internal doors to eight of the flats and main door to the front of the property.
Externally, the property benefits from residents on street parking.

Services
We understand the property has mains electricity, water and drainage. However, we advise all interested parties should make their own investigations.

Tenure
Freehold

Investment Analysis
Two flats are currently tenanted out of the ten, achieving an income of £400 pcm, per flat (£9,600 per annum). However, we estimate when fully let the property could achieve £46,000 per annum. This represents a potential gross yield of 23%, based on the lower guide price.

Guide Price
£200,000+

Buyer’s Premium
2% (min. £3,600) inc. VAT.

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17-35, Crosby Street, Maryport, CA15 6DS
Detached Property Comprising 10 Self-Contained Flats – Ideal Investment Opportunity – Potential Income Of £46,000
Type: Flat, Residential
Location: 17-35 Crosby Street, Maryport, CA15 6DS
Images: 6
Brochures: 1
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