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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
£128,000
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
£128,000
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. Located in the heart of the fishing capital of the UK, the property enjoys huge demand for short-term accommodation due to its proximity to the largest fishing port in Europe. With a potential income of £65,000 per year, based on an occupancy rate of £20 per night per room, the property offers an approximate 50% yield. The property is set over four floors, with nine large bedrooms, communal kitchen, bathroom, shower room, and WC, and is within walking distance to the harbour, fish market, and local amenities. With its unique location and potential for high rental income, this property is an unrivaled investment opportunity, perfect for those looking to capitalize on the thriving local economy and ongoing developments in the port and renewable energy sectors.