£60,000 Guide Price

181 Spring Garden, Aberdeen, AB25 1DG

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Tenanted Residential Property

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Type

Ownership

Occupation

Bedrooms

1

Council Tax

Band: A
Home Report
Legal Pack
Tenanted Residential Property

Details

Property Summary


  • Prime Property Auctions is excited to present a tenanted 1 Bedroom Flat located minutes from university in popular central location in Aberdeen.
     

  • *** 35, Littlejohn Street, Aberdeen, Aberdeenshire, AB10 1FG sold for £120,000 in January 2023, 15, Ivory Court, Hutcheon Court, Aberdeen, Aberdeenshire, AB25 3TD sold for £118,000 in July 2021 ***
     

  • Property could achieve £525 - £575/month in rent, providing an exceptional investment opportunity for a shrewd investor. This would give the property an excellent 10.5 - 11.5% Yield based on a Guide Price of £60,000 - PRICED TO SELL.
     

  • Sure to appeal to shrewd buy to let investor looking for a great investment opportunity or first-time buyer looking for an excellent flat at great value.
     

  • Property is currently tenanted at £450 per calendar month generating a gross yield of 9% based on a guide price of £60,000.


 

Prime Property Auctions is excited to present a tenanted 1 Bedroom Flat located minutes from university in popular central location in Aberdeen.

Property comprises a 1 Bedroom flat. The spacious accommodation allows for fantastic socialising space with a generous living room and kitchen. Completing the property is a large double bedroom with an en-suite shower room.

Property could achieve £525 - £575/month in rent, providing an exceptional investment opportunity for a shrewd investor. This would give the property an excellent 10.5 - 11.5% Yield based on a Guide Price of £60,000 - PRICED TO SELL.

Property benefits from Double Glazing and Gas Central Heating which helps with energy efficiency and helps future-proof against incoming EPC legislation.

Property is currently tenanted at £450 per calendar month generating a gross yield of 9% based on a guide price of £60,000. Sure to appeal to a shrewd investor. 

The property is offered at a DISCOUNT to ensure a fast sale at auction. There is fantastic sales evidence with similar properties selling for much higher:

*** 35, Littlejohn Street, Aberdeen, Aberdeenshire, AB10 1FG sold for £120,000 in January 2023, 15, Ivory Court, Hutcheon Court, Aberdeen, Aberdeenshire, AB25 3TD sold for £118,000 in July 2021 ***

Property is due to go to auction for our upcoming timed online event. Be sure to register to not miss out. Should you wish to make an immediate offer you can do so. Please contact the team to discuss how to make an offer today.
 

Location:

Nestled along the northeastern coast of Scotland, Aberdeen is a captivating city that seamlessly blends rich history, vibrant culture, and stunning natural beauty. Known as the "Granite City" due to its extensive use of grey stone in its architecture, Aberdeen's distinct appearance gives it an air of timeless elegance. Here's a detailed description of this enchanting location: 

As you approach Aberdeen, the first thing that catches your eye is the glittering expanse of the North Sea, stretching out to the horizon with hues of deep blue and shimmering silver. The city's coastline is adorned with sandy beaches, dramatic cliffs, and charming fishing villages, offering a picturesque frame to the urban landscape beyond. 

Entering the heart of the city, you're greeted by a harmonious blend of old and new. Ancient structures, clad in the signature granite, stand alongside modern skyscrapers and sleek glass facades. The grey stone's intricate details catch the sunlight, casting an ethereal glow over the streets, especially during the golden hours. 

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property Features

  • Prime Property Auctions is excited to present a tenanted 1 Bedroom Flat located minutes from university in popular central location in Aberdeen.  
  • *** 35, Littlejohn Street, Aberdeen, Aberdeenshire, AB10 1FG sold for £120,000 in January 2023, 15, Ivory Court, Hutcheon Court, Aberdeen, Aberdeenshire, AB25 3TD sold for £118,000 in July 2021 *** 
  • Property could achieve £525 - £575/month in rent, providing an exceptional investment opportunity for a shrewd investor. This would give the property an excellent 10.5 - 11.5% Yield based on a Guide Price of £60,000 - PRICED TO SELL. 
  • Sure to appeal to shrewd buy to let investor looking for a great investment opportunity or first-time buyer looking for an excellent flat at great value. 
  • Property is currently tenanted at £450 per calendar month generating a gross yield of 9% based on a guide price of £60,000.

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181 Spring Garden, Aberdeen, AB25 1DG

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