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9 Bedroom HMO, St. Andrew Street... 9 bed house for sale
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
£115,000
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
£115,000
Our Summary
- Outstanding investment opportunity
- Unrivalled investment opportunity
- The seller has indicated that pre-auction offers will be considered for this lot
- The property will be sold under auction terms and conditions and will be subject to deposit and Buyer's Premium
- Outstanding investment opportunity9 Bedroom HMO property in popular locationMassive potential yield of up to 50% based on £20 per room per nightMassive demand locally for short-term accommodationClose to Europe's largest fishing portClose to Fish Market and local employersPre-auction offer considered by seller
- Massive potential yield of up to 50% based on £20 per room per night
- Pre-auction offer considered by seller
Description
This 9-bedroom HMO property in Peterhead, Scotland, is an outstanding investment opportunity with massive potential yield. The property is located in the heart of the town, close to the harbour and fish market, and is surrounded by local employers, shops, bars, and restaurants. The property has a large kitchen, bathroom, shower room, and WC, and each bedroom has washing facilities. With a current income of £35,000 per year, the property offers a yield of over 25%. If the income is increased to £20 per night per room, the potential yield could be as high as 50%. The property is being sold with full vacant possession, and the seller is willing to consider pre-auction offers. With its prime location and high demand for short-term accommodation, this property has the potential to generate significant returns for investors.