Summary - 1D CATHERINE HOUSE, CATHERINE STREET, ARBROATH DD11 1RL
2 bed 1 bath Flat
**Standout Features:**
- Three tenanted, two-bedroom flats with rental income potential.
- One flat fully refurbished in 2023 with a new boiler.
- Long-term tenants in the other two properties.
- Current rental income of £17,310 per annum; potential of £22,500 post-modernization.
- Attractive 9.6% gross yield.
- Located in a transitional Eastern European neighborhood.
**Summary:**
Investors will appreciate this unique opportunity in the heart of Arbroath, featuring three tenanted two-bedroom flats. Among these, one has been recently refurbished to modern standards with a new boiler installed in 2023, ensuring a worry-free investment in terms of maintenance. The other two properties currently house long-term tenants, providing a steady income stream of £17,310 per year, with the potential to increase this to £22,500 following necessary updates.
Set within a historic Victorian building, these flats combine charming architectural features with modern living conveniences. Although the current broadband speeds may be slow, the locality offers a variety of essential amenities, from shops to restaurants, ensuring comfort and convenience for residents. The area does have its challenges, including a classification of being highly deprived, which could impact living conditions but may also present unique opportunities for growth in property value as revitalization efforts take shape.
With a competitive asking price of £179,000 and an impressive gross yield of 9.6%, this investment package is ideal for those seeking profitable rental opportunities in an evolving neighborhood. Seize the moment—properties like these don’t stay on the market long!
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