Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises six flats set within a residential block. Five flats are currently let on Assured Shorthold Tenancies (ASTs) and producing £23,740 per annum.
There is significant opportunity to increase rents via letting of the vacant flat and on the existing tenancies. We estimate the current market rent of the property when fully let to be in excess of £29,000 per annum,
The properties are situated on Methil High Street, an established mixed use area characterised by local retail units, and a mix of terraced houses and flats.
Methil forms part of a wider urban area including Buckhaven and Leven, the area is set to benefit from significant investment including a new train station as part of the Levenmouth Rail link. Improving rail access throughout Scotland
Tenure
Freehold
Rent
Notes
We understand the transaction will be eligible for Multiple Dwelling Relief and therefore a reduced rate of 1% Land and Building Transaction Tax (LBTT) will be payable.
Please note the site areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.