>
Queen Street, Peterhead AB42 3 bed flat for sale
Queen Street, Peterhead AB42
£70,000
Queen Street, Peterhead AB42
£70,000
Our Summary
- HUGE POTENTIAL* There is a demand for accommodations in Peterhead due to ongoing work at the power station, which will last for five years
- Auction Details18 July 2025, 12pm Deadline for OffersHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
- Future Property Auctions - Scotland's Largest Land and Property Auction House
- AUCTION DATE: 18 July 2025
Description
This is an immediate income-producing investment opportunity in Peterhead, a popular town in Aberdeenshire with a population of around 20,000. The property is a large 3-bedroom HMO main door duplex, currently tenanted at £650 per month (£7,800 per annum) with a long-term tenant who has been in place for nine years and has a perfect payment history. The property has a gas central heating system and double glazing, and is located in a prime rental area. The tenants also manage the business below, which has 20 years remaining on its lease, providing a secure long-term income stream. With the potential to increase the rental income by renting individual rooms, this property offers huge potential for growth. The town of Peterhead is a popular fishing and commuting town, with access to Aberdeen City Centre in around 45 minutes, making it an attractive location for tenants.