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Description

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

IMMEDIATE INCOME PRODUCING INVESTMENT IN POPULAR RESIDENTIAL LOCATION WITHIN ABERDEEN. Large 1 bedroom flat with settled long-term tenant paying £350 pcm (£4,200 per annum). High yielding investment.

*** RICS HOME REPORT VALUE £35,000 *** EXCELLENT LOCAL SALES EVIDENCE:42 Victoria Road sold for £40,000 Apr 2023; 48c Victoria Road sold for £52,000 Sep 2018; 24a Grampian Rd sold for £53000 May 2024.

PROPERTY COMPRISES:- Entrance Hallway, Living room Diner, Kitchen, double bedroom and bathroom. Property further benefits from secure door entry system and on street parking. EPC - C

*** HIGH YIELDING INVESTMENT OPPORTUNITY *** - Property producing rent of £350pcm giving an annual income of £4,200 and OFFERING SUPERB YIELD OF 18% if achieved for guide price.

Torry is a popular, mature residential area well served by local shops and public transport facilities and offers easy access to Aberdeen City Centre.

IMMEDIATE INCOME PRODUCING INVESTMENT IN POPULAR RESIDENTIAL LOCATION WITHIN ABERDEEN. Large 1 bedroom flat with settled long-term tenant paying £350 pcm (£4,200 per annum). High yielding investment. *** RICS HOME REPORT VALUE £35,000 *** EXCELLENT LOCAL SALES EVIDENCE:42 Victoria Road sold for £40,000 Apr 2023; 48c Victoria Road sold for £52,000 Sep 2018; 24a Grampian Rd sold for £53000 May 2024. PROPERTY COMPRISES:- Entrance Hallway, Living room Diner, Kitchen, double bedroom and bathroom. Property further benefits from secure door entry system and on street parking. *** HIGH YIELDING INVESTMENT OPPORTUNITY *** - Property producing rent of £350pcm giving an annual income of £4,200 and OFFERING SUPERB YIELD OF 18% if achieved for guide price.

Torry is a popular, mature residential area well served by local shops and public transport facilities and offers easy access to Aberdeen City Centre with the location being particularly convenient for those working at the oil related offices on the south side of the City.

Full Address: 36 Victoria Road, Torry TENANTED INVESTMENT, Aberdeen, AB11 9DR

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £4,200 per year / £350 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £30,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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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: 10 October 2024, 3pm
Type: Deadline for Offers

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