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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

*** PRIME INVESTMENT OPPORTUNITY *** One bedroom ground floor flat in Aberdeen city centre, Excellent condition, currently renting at £550pcm

Property consists of Entrance Hallway, Livingroom Diner, Kitchen, Double Bedroom, Shower room with w.c. Further benefits from fitted wardrobe in bedroom and GCH & DG throughout. Shared garden.

***SUPERB LOCAL SALES EVIDENCE***6, Howburn Place sold for £111,000 Dec 2024; 18 G/l, Howburn Place sold for £69,750 Jul 2024; 20, Howburn Place sold for £129,660 Sep 2019.*** FREEHOLD PROPERTY***

Realistic rent for a property in this area would be up to £600pcm giving an annual income of £7,200. This would potentially give an EXCLLENT YIELD OF up to 13% if achieved for the guide price.

Located just off of Holburn Street, the property is next to boutique cafe's & shops, and just a 10 minute walk from Union Street with plenty of amenities close by. On street permit parking available.

*** PRIME INVESTMENT OPPORTUNITY *** One bedroom ground floor flat in Aberdeen city centre, Excellent condition, realistic rental income of up to £7.200pa, Potentially fantastic yield opportunity. Situated on the ground floor, the property consists of an Entrance Hallway, Livingroom Diner, Kitchen, Double Bedroom, Shower room with w.c. Further benefits from fitted wardrobe in bedroom and GCH & DG throughout. Shared garden. Furthermore the property is beautifully presented throughout. One bright double bedroom with fitted wardrobes and hard wood flooring. Modern shower room in excellent condition. GCH & DG throughout. Shared garden. On street permit parking can be obtained. The property is available now and the vendor will consider pre auction offers. The property is well proportioned throughout and is presented in move in condition. Offering the ideal buy to let investors the property is well placed for access to the city and a range of shops and amenities on the doorstep. ***SUPERB LOCAL SALES EVIDENCE***6, Howburn Place sold for £111,000 Dec 2024; 18 G/l, Howburn Place sold for £69,750 Jul 2024; 20, Howburn Place sold for £129,660 Sep 2019.*** FREEHOLD PROPERTY*** Realistic rent for a property in this area would be up to £600pcm giving an annual income of £7,200. This would potentially give an EXCLLENT YIELD OF up to 13% if achieved for the guide price.

Howburn Place is an attractive street in the heart of the city with a wealth of amenities including local grocers, newsagent, chemist and a wide range of cafes and restaurants within striking distance. The city centre with its wealth of amenities and recreational facilities is only some 10 minutes’ walk from the property and the owners would enjoy easy access to the local business centres to the north and south of the city, the hospital complex at Foresterhill and to Aberdeen Airport. Aberdeen University and Robert Gordon University (RGU) Campus at Garthdee are also within easy travelling distance. Close by, regular public transport to many parts of the city is readily available and the main bus and train station beside Union Square shopping centre is a comfortable fifteen-minute walk.

Full Address: 10 Howburn Place, Flat G-F, Aberdeen, AB11 6XX

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Tenancy Details

Type of Agreement:
Length:
Rent: £6,600 per year / £550 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Home Report (Pending) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £50,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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