Video Tour
Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 1
- Council Tax: Search
***FABULOUS INVESTMENT FLAT*** 1 bed ground floor located in popular Stockethill area of Aberdeen. Presented in pristine conditon offering a low risk and easy to maintain BTL property.
***HIGH DEMAND RENTAL AREA*** Realistic Rental of £600pcm giving an excelllent annual income of £7,200 which would give a potential SUPERB RENTAL YIELD OF UP TO 11% if achieved for the guide price.
***PROPERTY COMPRISES*** Entrance Hallway, Large Public Room, Double bedroom, modern Kitchen, Bathroom. Generous built-in storage. 48 m2. Further benefits from DG, GCH & New Gas boiler fitted in 2016.
*SUPERB LOCAL SALES EVIDENCE* :- 71, Cairncry Road, Aberdeen sold for £106,600 Aug 2021; 103, Cairncry Road, Aberdeen sold for £85,000 Sept 2021; 97, Cairncry Road, Aberdeen sold for £90,000 Aug 2018.
Location covers a multitude of different work places and is near to Aberdeen Hospital Complexes (ARI, Cornhill etc), to Aberdeen University and to the Industrial Estates in the Bridge of Don area.
FABULOUS INVESTMENT FLAT 1 bed ground floor located in popular Stockethill area of Aberdeen. Presented in pristine conditon offering a low risk and easy to maintain BTL property. ***HIGH DEMAND RENTAL AREA*** Realistic Rental of £600pcm giving an excelllent annual income of £7,200 which would give a potential SUPERB RENTAL YIELD OF UP TO 11% if achieved for the guide price. ***PROPERTY COMPRISES*** Entrance Hallway, Large Public Room, Double bedroom, modern Kitchen, Bathroom. Generous built-in storage. 48 m2. Further benefits from Double glazing, Gas Central Heating. New Gas boiler fitted in 2016. 81 Cairncry Road under offer Aug 2026. Property further benefits from solid breezeblock construction so warm and cosy inside, DG, GCH, properly spacious and outside maintained by the council including nice lawns, an large drying greens and generous free parking. Most tenant demand will come from nurses and orderlies, care workers (from nearby nursing homes), students and industrial workers in the north of town including Dyce airport. There have also been car workers from nearby Lang Stracht car complexes and older people wanting ground floor, easy access. *SUPERB LOCAL SALES EVIDENCE* :- 71, Cairncry Road, Aberdeen sold for £106,600 Aug 2021; 103, Cairncry Road, Aberdeen sold for £85,000 Sept 2021; 97, Cairncry Road, Aberdeen sold for £90,000 Aug 2018. The council do most of the external maintenance eg roofs, cladding, communal doors, intercoms so this investment would suit someone not wanting to get over involved in building works and would therefore find this very attractive. Risk is reduced due to the location to mulitple work places. Solid breezeblock construction so warm and cosy inside, DG, GCH, properly spacious and outside maintained by the council including nice lawns and generous free parking.
Tenancy Details
Type of Agreement:Length:
Rent: £7,200 per year / £600 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteStockethill is an increasingly popular area for families in particular and has a range of amenities right on its doorstep. Ideally situated for those commuting to any part of Aberdeen, it provides quick access to Aberdeen Royal Infirmary and the city centre as well as the A92 and the A90 city bypass.
Document Downloads
Pricing Information & Bidding
Opening Bid: £37,000
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.View Live Online Auction
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.
Submit Offer Now
Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
Calculate Deposit & Fee
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 83Cairncry Road, Aberdeen