47 Springbank Terrace, Aberdeen, AB11 6LR

Description

• PRIME NEW LISTING. We are excited to present this tenanted residential investment, a stunning guesthouse building formerly operated as an HMO, boasting six bedrooms located within a prime location in Aberdeen.

• **Springbank Terrace, Aberdeen, AB11 6JZ sold for £395,000. Springbank Terrace, Aberdeen, AB11 sold for £360,000.**

• For those interested in rental investments, properties in this highly sought-after area are currently achieving a rental of £1,875 pcm / £22,500 PA. Securing this property at the guide price could yield a remarkable gross return of 9.18%, making it an outstanding investment opportunity.

• The property is offered at a substantial discount. With the necessary planning consents, there is a potentially excellent opportunity to convert this magnificent building into multiple serviced accommodation units, enhancing its value and appeal.

• This property is sure to attract builders, developers, and investors looking for a rewarding project. It is now presented at a significant discount to ensure an auction sale, offering an enticing proposition for those seeking great returns on investment.

PRIME NEW LISTING. We are excited to present this tenanted residential investment, a stunning guesthouse building formerly operated as an HMO, boasting six bedrooms located within a prime location in Aberdeen.

The property comprises a thoughtfully designed internal layout:The lower ground floor features a fully fitted kitchen, two spacious double bedrooms (one with a convenient washbasin), a cosy single bedroom, a modern shower room, a utility room, and a welcoming dining room. The ground floor boasts a large, inviting lounge and a double bedroom with an en-suite for added privacy. On the lower mezzanine, you'll find a well-appointed cloakroom. The upper floor includes two additional generous double bedrooms, another cloakroom, and a separate shower room. Outside, the property offers an enclosed rear garden, parking for four cars, an outhouse, and a garage, providing both practical and attractive features for residents or guests.

For those interested in rental investments, properties in this highly sought-after area are currently achieving a rental of £1,875 pcm / £22,500 PA. Securing this property at the guide price could yield a remarkable gross return of 9.18%, making it an outstanding investment opportunity.

The property is offered at a substantial discount. With the necessary planning consents, there is a potentially excellent opportunity to convert this magnificent building into multiple serviced accommodation units, enhancing its value and appeal.

This property is sure to attract builders, developers, and investors looking for a rewarding project. It is now presented at a significant discount to ensure an auction sale, offering an enticing proposition for those seeking great returns on investment.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**Springbank Terrace, Aberdeen, AB11 6JZ sold for £395,000. Springbank Terrace, Aberdeen, AB11 sold for £360,000.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Aberdeen, the third largest city in Scotland, boasts a vibrant cultural scene, historic architecture, and beautiful coastal views. Known as the 'Granite City', it offers excellent educational institutions, robust economic opportunities, and a rich blend of tradition and modernity. Its dynamic lifestyle and strategic location make it a desirable place to live and invest.

Map

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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.