Property for Auction in Scotland - 8 Oaktree Square, Kirkcaldy, Fife KY1 2LW

Three bedroom mid-terraced property. Enjoy rental income from day one with this tenanted three bedroom mid-terraced property in Oaktree Square, conveniently located approximately 1.5 miles northeast of Kirkcaldy town centre. Over two levels, the accommodation comprises lounge, kitchen and bathroom on the entry level, with the upper floor offering three bedrooms. In addition, the property also offers gardens to rear and off-street parking. The tenant in situ is currently paying £571.03 per calendar month, which represents a gross rental yield of 8% at guide price, with an increase to £695 per calendar month from 1st October which lifts the rental yield to an impressive 9.8%. Furthermore, the guide price offers a 23% discount against £110,000 Home Report valuation. This represents an ideal addition to an existing rental portfolio, or equally a great entry into a buy to let business and, as such, we expect strong levels of demand. Early expression of interest is essential. Council Tax Band B. Tenure Freehold Area Kirkcaldy is a town in Fife on the east coast of Scotland. The town is a major service centre for the central Fife area, home to a swimming pool, theatre, museum and art gallery, three public car parks and an ice rink. Its lies approximately twelve miles from Edinburgh and twenty-five miles from Dundee. Kirkcaldy is well catered for by schooling and a new hospital. The High Street is a bustling community and lies parallel to the beach. Energy Efficiency Rating (EPC) Current Rating C Local Authority Fife Council Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 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.