Castle Street, Aberdeen AB11 1 bed flat for sale

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Castle Street, Aberdeen AB11 1 bed flat for sale

Castle Street, Aberdeen AB11
£55,000

Our Summary

  • TENANTED INVESTMENT OPPORTUNITY• Excellent Buy to Let investment Opportunity Property
  • Excellent Buy to Let investment Opportunity Property

Description

This is a tenanted investment opportunity in Aberdeen, Scotland. The property is a one-bedroom flat located on Castle Street, in the city center, and is currently let on a PRT agreement at £415 per calendar month. The long-term tenant has been in situ since February 2018, with all payments up to date. The property is professionally managed and is sold in excellent condition, with good road links and proximity to local amenities and public transport facilities. With a gross annual rental of £4,980 and a gross yield of 7.4% at the opening bid price of £65,000, this property offers a fantastic opportunity for an affordable investment with capital growth potential. The area is also experiencing growth due to the increasing importance of renewable energy in the region, which is driving up property values and rental demand.