Summary - 2B, CROCKATTS BUILDING, ALBERT PLACE DD9 7DH
1 bed 1 bath Apartment
Tenanted one-bedroom flat on second floor, immediate rental income
Current rent £275 PCM (£3,300 PA) — income from day one
Guide/home report figures vary (Home Report £40,000; offer price £15,000)
Advertised yield ~9% based on guide price and current rent
Period building with Victorian character; dated internal condition
Bedroom shows ceiling damp and mould; single-glazed windows
Sold at auction — sold as seen; buyer to check legal pack
Area classified as very deprived; renovation and tenant management needed
A large one-bedroom flat on the second floor, offered as a tenanted, turn-key investment in central Brechin. The property is freehold, currently let at £275 PCM (£3,300 PA), and is being sold at auction, making it suitable for investors seeking immediate income.
The building has period Victorian character but the flat is dated and will need updating. Internal notes record ceiling damp and mould in the bedroom, single-glazed windows, and generally tired decor—reasonable maintenance and renovation are likely to be required to protect long-term capital value and tenant comfort.
Practical positives include no flood risk, excellent mobile signal, average broadband, very low council tax, and proximity to local amenities, schools, bus links and the A90 for commuting. The advertised yield is approximately 9% based on the guide/price figures provided; the lot suits cash buyers or auction-experienced landlords comfortable with purchasing a let property.
Buyers should note the property sits in a very deprived area and will be sold at auction with the flat remaining tenanted. View this as a high-yield, value-add opportunity for an investor willing to manage repairs and tenant arrangements to realise future capital growth.
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