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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

**TURN KEY INVESTMENT**tenanted flat located within HISTORIC mill building set in beautiful Rural location close to the market town of Turriff. Currently tenanted - income generating from day one.

Internal accommodation comprises of hall, lounge, dining kitchen, 2 bedrooms and bathroom. Internal size approximately 53 sq m. Double glazing. GAS central heating, Car parking space.

Currently tenanted at £450 per calendar month - no rent increase since 2008. WOULD SUIT INVESTOR LANDLORD - potential for seasonal Air BnB could offer more lucrative return. Potential income £120 PN.

'The Auld Mill' is estimated to be over 200 years of age, with the current apartments instated in 1995/96 in a sympathetic conversion. Close to town centre, but on rural outskirts - IDEAL FOR AIR BnB.

**COMPARABLE SALES** 2 Bed flat within mill sold 2023 £83,500**Properties sold at £100,000 in past - good potential for long term capital gain whilst generating income**

**TURN KEY INVESTMENT**tenanted flat located within HISTORIC mill building set in beautiful Rural location close to the market town of Turriff. Currently tenanted - income generating from day one. Internal accommodation comprises of hall, lounge, dining kitchen, 2 bedrooms and bathroom. Internal size approximately 53 sq m. Double glazing. GAS central heating, Car parking space. Currently tenanted at £450 per calendar month - no rent increase since 2008. WOULD SUIT INVESTOR LANDLORD - potential for seasonal Air BnB could offer more lucrative return. Potential income £120 per night in high season. 'The Auld Mill' is estimated to be over 200 years of age, with the current apartments instated in 1995/96 in a sympathetic conversion. Close to town centre, but on rural outskirts - IDEAL FOR AIR BnB with Distillery trail near by and lovely rural scenery.**COMPARABLE SALES** 2 Bed flat within mill sold 2023 £83,500**Properties sold at £100,000 in past - good potential for long term capital gain whilst generating income**

Bridgend is a small village close to the historic town of Turriff in Aberdeenshire. The area has a rural Scottish landscape, surrounded by farmland and rolling hills, making it popular among residents seeking a relaxed, countryside lifestyle. THe property was the original schoolhouse for the village. Turriff itself is a town with a population of approx. 5,000. It has a Primary and Secondary School supporting Forglen, and a range of Shops and other facilities including Swimming Pool, Bowling Stadium, Library, Community Centre, Sports Centre, Golf Course and fishing on the River Deveron. Aberdeen is approximately 40 miles distant. On leaving Turriff to the South on Queens Road (A947), through Bridgend util reaching Station Road. The Auld Mill is on the left hand side whilst leaving the village.

Full Address: 13 The Auld Mill Station Road, Bridgend Turriff, AB53 4ER

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length:
Rent: £5,400 per year / £450 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes:

Document Downloads

(Available) Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £52,000

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Terms of Sale

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



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Auction Details

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

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