**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.
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.
EXTRAS: Accommodation furniture and laundry facilities are negotiable
These are for general guidance only. You are responsible to confirm accuracy by inspection.