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Description

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

*** PRIME BUY TO LET INVESTMENT *** Top floor 2 bed flat in popular Rosemount, Aberdeen. **RICS QUALIFIED HOME REPORT VALUE OF £85,000** Potential £750pcm £9,000pa. giving 16% yield at Guide Price.

PROPERTY COMPRISES:- an entrance hallway, spacious lounge, kitchen, two double bedrooms and bathroom. The accommodation further benefits from gas central heating and double glazed windows,

LOCAL SALES EVIDENCE: -13, Flat B, Short Loanings £85,000 Jan 2024; 9, Flat A, Short Loanings £89,000 Jun 2022; 13, Flat D, Short Loanings £89,000 Sep 2021; 19, Flat E, Short Loanings £92,500 Sep 2019

Potential for a HIGH YIELD INVESTMENT, realistic rent of up to £750 per calendar month giving an annual return of £9,000. This would give an SUPERB YIELD OF16% if achieved for the Guide Price.

Short Loanings is in the popular Rosemount area, located in the west end of the city in close to a wide range of amenities including excellent shopping facilities bars, cafes, and restaurants

*** PRIME BUY TO LET INVESTMENT *** Top floor 2 bed flat in popular Rosemount, Aberdeen. Close to city centre amenities and universities. **RICS QUALIFIED HOME REPORT VALUE OF £85,000** Potential £750pcm £9,000pa. giving 16% yield at Guide Price. PROPERTY COMPRISES:- an entrance hallway, spacious lounge, kitchen, two double bedrooms and bathroom. The accommodation further benefits from gas central heating and double glazed windows, LOCAL SALES EVIDENCE: -13, Flat B, Short Loanings £85,000 Jan 2024; 9, Flat A, Short Loanings £89,000 Jun 2022; 13, Flat D, Short Loanings £89,000 Sep 2021; 19, Flat E, Short Loanings £92,500 Sep 2019. Potential for a HIGH YIELD INVESTMENT, realistic rent of up to £750 per calendar month giving an annual return of £9,000. This would give an SUPERB YIELD OF16% if achieved for the Guide Price. although would benefit from modernization throughout. This would make an excellent project for a builder or investor looking to transform the property. With a potential rental income of £648.23 per month / £7778.68 per annum according to current LHA rates, this property offers an attractive 14% rental yield if purchased around the guide price. Council tax band B.

Short Loanings is situated in the popular Rosemount area, located in the west end of the city in close proximity to a wide range of amenities in the vicinity including excellent shopping facilities at Rosemount and bars, cafes and restaurants close by and is only a short distance from the city centre with all its facilities. The property is also within walking distance of Aberdeen University and Aberdeen Royal Infirmary, Royal Cornhill Hospitals. Westburn and Victoria Parks. there is ample off street parking and regular public transport can be used to reach the city centre.

Full Address: 9G Short Loanings, Aberdeen, AB25 2TA

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Map & Location

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Tenancy Details

Type of Agreement:
Length:
Rent: £9,000 per year / £750 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £55,000

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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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: 26 June 2025, 10am-3pm
Type: Timed Online Auction

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