OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 35A Seaforth Road, Aberdeen, AB24 5PG

***SUPERB 2 BED FLAT ***in Aberdeen, excellent condition, EXCLLENT BUY-TO-LET INVESTMENT, Ground Floor, close to to Aberdeen University. SUIT SHREWD INVESTOR looking for a turnkey investment.

PROPERTY CONISISTS: Hallway, Livingroom Diner, Bed 1, Bed 2, Bathroom. Property benefits from Entrance via secure doorway and a recently fitted new bathroom.

Comparable Sales Evidence: 47e Seaforth Road sold for 143,500 in September 2018 49b Seaforth Road sold for 150,000 in November 2017 47 Flat C, Seaforth Road sold for 187,500 in July 2015

The property is currently tenanted at 525pm giving an excellent annual income of 6300 per year, which gives a SUPERB YIELD OF OVER 5% if achieved for the Guide Price. New tenant happy to stay on.

The property is conveniently located in easy reach of all local amenities, Aberdeen beach, the university and Kings Links Golf Course and is close to the City Centre.

***SUPERB 2 BED FLAT ***in Aberdeen, excellent condition, EXCLLENT BUY-TO-LET INVESTMENT, Ground Floor, close to to Aberdeen University. SUIT SHREWD INVESTOR looking for a turn-key investment. PROPERTY CONISISTS: Hallway, Livingroom Diner, Bed 1, Bed 2, Bathroom. Property benefits from Entrance via secure doorway and a recently fitted new bathroom. Purpose built ground floor flat within an end terraced four storey block containing four individual flatted units and part of a modern residential development. Access by means of a shared internal hallway and stairwell. Within five minutes walk of the beach, ten minutes walk of the University. 52 sq m. Comparable Sales Evidence: 47e Seaforth Road sold for 143,500 in September 2018 49b Seaforth Road sold for 150,000 in November 2017 47 Flat C, Seaforth Road sold for 187,500 in July 2015 The property is currently tenanted at 525pm giving an excellent annual income of 6300 per year, which gives a SUPERB YIELD OF OVER 5% if achieved for the Guide Price. New tenant happy to stay on. Factoring Costs are 80 per month.

Seaforth Road is conveniently located to the north of the City Centre and within walking distance of all local amnesties. Aberdeen beachfront and King Links Golf Course are a short distance. Aberdeen University, Sunnybank School, Hanover Street School are located nearby. Aberdeen has excellent transport links to Edinburgh and Glasgow via both the motorway and Aberdeen train station. Aberdeen Ferry Terminal is also not far.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rollng
Rent: 6,300 per year / 525 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes: Factoring cost 80 per month.

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Location

Pricing Information & Bidding

Opening Bid: £85,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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