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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

Opening Bid: £23,000

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

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