7B Theatre Lane, Aberdeen, AB11 5AW

Description

• PRIME NEW LISTING. We are excited to present this excellent HMO development opportunity:vacant five-bedroom flat located within a prime location in Aberdeen.

• **25, Regent Quay, Aberdeen AB11 5AH sold for £160,000. 55, Virginia Street, Aberdeen AB11 5AX sold for £175,000.**

• This property presents a potentially excellent opportunity for serviced accommodation, with rates for five-bedroom properties in the area starting from around £420 per night. Subject to gaining necessary planning consents, at 70% occupancy per month, this unit could achieve £8,942 PCM (£107,310 P/A), generating an incredible gross yield if secured at the guide price.

• Offered at a remarkably competitive price, this property is perfectly primed for a quick auction sale. It presents a fantastic opportunity for investors and homeowners alike, looking for an excellent property acquisition in this thriving market.

• As an attractive HMO property, it offers a lucrative return, making it ideally suited for seasoned investors seeking a high yield.

  Application Reference Number 260003/DPP

PRIME NEW LISTING. We are excited to present this excellent HMO opportunity:vacant five-bedroom flat located within prime location in Aberdeen.

The property comprises a welcoming living room/kitchen area, and five spacious bedrooms, each equipped with modern en-suites.

Planning permission has already been granted for a five-bedroom, five en-suite HMO, significantly reducing the planning risk and allowing an investor to progress the conversion immediately.

This property presents a potentially excellent opportunity for serviced accommodation, with rates for five-bedroom properties in the area starting from around £420 per night. Subject to gaining necessary planning consents, at 70% occupancy per month, this unit could achieve £8,942 PCM (£107,310 P/A), generating an incredible gross yield if secured at the guide price.

Offered at a remarkably competitive price, this property is perfectly primed for a quick auction sale. It presents a fantastic opportunity for investors and homeowners alike, looking for an excellent property acquisition in this thriving market.

As an attractive HMO property, it offers a lucrative return, making it ideally suited for seasoned investors seeking a high yield.

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:

**25, Regent Quay, Aberdeen AB11 5AH sold for £160,000. 55, Virginia Street, Aberdeen AB11 5AX sold for £175,000.**

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, known as the "Granite City," is a vibrant city offering a mix of historical charm and modern amenities. With a rich cultural scene, beautiful architecture, and a bustling harbour, Aberdeen is an excellent location for both investment and living. Its strong academic institutions and thriving oil industry make it a city of opportunity and appeal.

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.