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4 bedroom flat for sale
Theatre Lane, Flat B, Aberdeen AB11
£48,000
Theatre Lane, Flat B, Aberdeen AB11
£48,000
Our Summary
- *SUPERB 4 BED FLAT with * Located in a sought after buy to let location of Aberdeen *Recently as HMO* EXCELLENT 20%+ POTENTIAL YIELD* *FORMER HMO FLAT* Great opportunity for serviced accommodation (STL)*Located directly beside Aberdeen Harbour*Massive potential high earning serviced accommodation (STL)* *93 Mearns Street SOLD FOR £190000 Nov 2021; 85 Mearns Street SOLD FOR £150,000 Oct 2021; 51 Mearns Street SOLD FOR £130000; 10 Martins Lane SOLD FOR £84,000 Nov 2021; 42 Flat E Regent Quay £90000 2021* *Realistic Rent in the area for this property of up to £1250pcm giving an annual income of £15,000, which would give an EXCELLENT YIELD of 20% if achieved for the guide price* *If operated as serviced accommodation a nightly rate between £100-£150 could potentially be achieved*Ideally located next to docks and ferry terminal, also close to City Centre* 93 Mearns Street SOLD FOR £190000 Nov 2021; 85 Mearns Street SOLD FOR £150,000 Oct 2021; 51 Mearns Street SOLD FOR £130000; 10 Martins Lane SOLD FOR £84,000 Nov 2021; 42 Flat E Regent Quay SOLD FOR £90000 Sept 2021 Auction Details28 November 2024, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
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Description
This 4-bedroom flat is a superb buy-to-let opportunity located in a sought-after area of Aberdeen, directly beside the harbour. The property has been recently used as a House of Multiple Occupancy (HMO) and has massive potential for serviced accommodation. With a realistic rent of up to £1,250 per month, the annual income would be £15,000, giving an excellent yield of 20%. Alternatively, operating as serviced accommodation could generate a nightly rate between £100-£150. The property is ideally located close to the city centre, docks, and ferry terminal, making it an attractive investment opportunity. The property has recently been sold for similar properties in the area, with prices ranging from £84,000 to £190,000, and is now being auctioned off on November 28, 2024.