**Potential local projects to enhance the environment may result in an increase in the rental market, this style of commercial property could lead to an ideal purchase for those savvy investors out there!**
When fully occupied the Castle has an income of £60,840 pa. and the rental yield is at 7%.The local projects that have been approved will be a great commercial benefit to the market This will consist of a Windfarm In Wick which is due for construction 2017 and expected completion 2019. Another is a tidal turbines project In Mey which is only a short drive from Braal Castle. These areas local to these projects will, in turn, become more popular with workers looking for accommodation.
Braal Castle is steeped in Scottish history. In the 70's, the castle was converted into 15 flats, the current owners refurbished all the flats to a high standard.
There is an excellent range of flats available, from one to four bedrooms, with a choice of open-plan or separate kitchens and living rooms. The kitchens are of a high quality with a modern finish, fitted appliances, and plenty of storage space. There is an excellent choice of facilities depending on the flat. The living rooms have phone and media sockets with connections for Sky, Sky HD, Freesat and Freeview. The flats are available unfurnished or can be partly/fully furnished to meet accommodation requirements. The current owners offer flexible lease terms which have been very popular.
There is a communal laundry room with washing and drying facilities. Internet access, public phone and a vending machine are available for all the tenants to use. There is excellent storage and further potential to expand the ground floor accommodation or to introduce additional facilities with the relevant planning consent.
The business is under management and operates successfully throughout the year with an excellent income, this current arrangement can remain in place with the new owner.
The grounds and communal areas are maintained by a caretaker, who lives nearby.
Braal Castle is an excellent opportunity to own part of Scotland’s history, providing an excellent return on investment with a proven record and further development potential for it’s new owners.
EXTRAS: Accommodation furniture and laundry facilities are negotiable
Location of Property
By appointment through McEwan Fraser Legal on 01463 211 116
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Part Exchange your property for a home on our site
If you are interested in a property we have available for sale and have your own property to sell, we can refer you to Haddington Estates (who operate independently of McEwan Fraser Legal). They can offer you a guaranteed cash offer for your own property through this unique Part Exchange option which may allow you to sell your property quickly and easily without any Estate Agency fees or advertising costs. This allows you to make an offer for any property on our site safe in the knowledge that your existing house has a firm legal offer.
Mortgage funding may be available through an authorised mortgage broker
McEwan Fraser Legal are working closely with authorised mortgage brokers in order for our clients to obtain mortgage funding (see terms and conditions, which normally apply, below)
- Aged 18+
- You are in permanent employment
- Self Employed usually need to have 2 years accounts available
- Permanent right to reside in the UK
- You have no adverse credit that would affect your ability to repay funding
Should you wish to obtain further information please complete the enquiry form