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Gordon Street, Nairn IV12 3 bed duplex for sale
Gordon Street, Nairn IV12
£70,000
Gordon Street, Nairn IV12
£70,000
Our Summary
- (Subject to necessary permissions) This expansive 3-bedroom flat has the exciting potential to be converted into a 4-bedroom property, offering an excellent BRRR opportunity for discerning investors
- Requiring full renovation, this property is sure to appeal to savvy builders, investors, or developers seeking a rare project with remarkable capital growth potential
- The property comprises: stairway entrance, three generously sized bedrooms, with potential to convert into four, a well-appointed space for a bathroom, a kitchen area awaiting design, an inviting living room, and ample storage areas, all requiring complete renovation
- With the necessary permissions, this expansive 3-bedroom flat has the exciting potential to be converted into a 4-bedroom property, offering an excellent BRRR opportunity for discerning investors
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This vacant 3-bedroom duplex flat in Nairn, Scotland, is a prime new listing with exciting potential for renovation and investment. The property, located in a prime location, requires full renovation but could command a substantial rental income of £900-£1,000 PCM or £10,800-£12,000 PA, providing a gross yield of 13.5-15% based on the guide price. With the necessary permissions, the property could be converted into a 4-bedroom property, offering a BRRR opportunity for investors. The property has excellent sales evidence in the area, with similar properties selling for £203,000 and £208,000 in recent years. The property is being offered at a fantastic discount to ensure a sale and is open to immediate offers.