Stewarton Property Portfolio, Stewarton
8 Bedroom Flat
DESCRIPTION MQ estate agents are delighted to offer to the market this investment opportunity. This full tenement block is situated in centre of Stewarton housing five individual flats. The block has been in the same ownership for 30 years, gable end has recently been repointed and the roof is maintained every year. In general the block is very well asset managed.
All the properties and communal windows are double glazed, and all flats benefit from having a new Aztec central heating system throughout. There are three two-bedroom properties, one of the two bedrooms benefits from having an ensuite, the current rental being received is Â£350pcm. There are also two one-bedroom properties, one paying Â£325pcm the other paying Â£340pcm. We are of the opinion there is significant rental growth. this will give a double digit return.
The current rent role 20,500 per annum, we are of the opinion that the reversionary income could be in region of Â£24,500.
All properties are legally compliant with all letting requirements.
Our Part Exchange option attracts more buyers and eliminates the possibility of any property chain.
The process works in conjuction with our sister company Move Quick Properties who were and if not the only regulated house buying company in Scotland.
Many of our clients who have been unable to sell their properties with previous agents have changed to MQ and had a very successful outcome with our part exchange option please see our testimonials.
Please feel free to get in touch and chat with one of our part exchange specialists with any questions that you may have or to organise a free no obligation valuation of your property .