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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 3
  • Council Tax: Search

IMMEDIATE INCOME PRODUCING INVESTMENT WITH SECURE LONG-TERM TENANT. Large 3 Bedroom HMO main door maisonette property located in the popular town of Peterhead currently tenanted at £650pcm (£7,800P/A)

Large property comprises Entrance Hallway, Large Lounge with Dining Area, Large Dining kitchen, Bathroom & 3 Double Bedrooms. Enhanced by Gas Central Heating & Double Glazing and PRIME RENTAL LOCATION

Property has HMO LICENCE. Extremely secure income with settled long-term tenant paying £650 pcm (£7,800P/A). Tenants have been in place for approx. 9 years and have a perfect payment history.

The tenants in the property manage the business below and have 9 years remaining on the lease and have indicated they intend to remain in the property/ EXTREMELY SECURE INCOME

Costal town of Peterhead is Aberdeenshire's second biggest town with a population of approx. 20,000. Extremely popular fishing and commuting town with access to Aberdeen City Centre in around 45 mins.

IMMEDIATE INCOME PRODUCING INVESTMENT WITH SECURE LONG-TERM TENANT. Large 3 Bedroom HMO main door duplex property located in the popular town of Peterhead currently tenanted at £650pcm (£7,800 per annum). Large property comprises Entrance Hallway, Large Lounge with Dining Area, Large Dining kitchen, Bathroom and 3 Large Double Bedrooms. Enhanced by Gas Central Heating and Double Glazing and PRIME RENTAL LOCATION. The tenants have occupied the flat for the past nine years, while the business below has 20 years remaining on its lease, which the flat tenants manage. Consequently, they desire to rent the flat for as long as the lease remains current. HMO licence, allowing for the opportunity to rent individual rooms, which may potentially increase the rental income from £650 to £1200 per month. HUGE POTENTIAL*** There is a demand for accommodations in Peterhead due to ongoing work at the power station, which will last for five years. Extremely secure income with settled long-term tenant paying £650 pcm (£7,800 per annum). Tenants have been in place for approximately 10 years and have a perfect payment history. The tenants in the property manage the business below and have 9 years remaining on the lease and have indicated the intend to remain in the property for the next 9 years and beyond. EXTREMELY SECURE INCOME. The costal town of Peterhead is Aberdeenshire's second biggest town with a population of approximately 20,000. Extremely popular fishing and commuting town with access to Aberdeen City Centre in around 45 minutes.

Peterhead is Aberdeenshire's second biggest town with a population of approximately 20,000. The local industry is mainly tourism and fishing - with Aberdeen itself approximately 30 miles away, offering commuting distance. Close by are many amenities including shops, supermarkets, bars and restaurants, with world famous seafood available in the harbour. Local pursuits include yachting, canoeing, hillwalking, shooting/hunting, golf and fishing, making the town ideal for the outdoor enthusiast.

Full Address: 17 Queen Street, Peterhead, AB42 1TN

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: rolling
Rent: £7,800 per year / £650 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: been there for the past 9 years

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Pricing Information & Bidding

Opening Bid: £56,000

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).

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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: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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