9 bedroom flat for sale

ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)

FANTASTIC INVESTMENT OPPORTUNITY. Portfolio of 5 residential properties in excellent location in Hutcheon Street, Aberdeen with combined rental income of £2,680pcm (£32,160 per annum. FREEHOLD FULLY REFURBISHED PORTFOLIO- comprises; 3 x 1 bed, 1 x 2 bed and 1 x 4 bed (which has an HMO license), loft & basement may be suitable for accommodation. TURN KEY INVESTMENT. GCH & Regular maintained * HIGH YIELD INVESTMENT OPPORTUNITY * giving a monthly income of £2,680 which provides an annual income of £32,160 and offers a SUPERB YIELD OF APPROX. 15% if achieved for Guide price. FANATSTIC BUY TO LET INVESTMENT OPPORTUNITY. Ideal properties for investors or developers looking to start or grow their portfolio. Affordable and well maintained properties. FULLY LANDLORD COMPLIANT. PROPERTY COMPRISES: - GROUND FLOOR: Two one bedroomed flats Flat 1 (flat A) west side of building. Consisting of a double bedroom, lounge with space for dining, well equipped kitchenette and shower room. Flat 2 (flat B) east side of building. Consisting of a double bedroom, lounge with space for dining, well equipped kitchenette and shower room FIRST FLOOR: A one bedroom and a two bedroomed flat Flat 3 (flat C) One bedroomed flat. east side of building. Consisting of a double bedroom, lounge, well equipped kitchenette and bathroom with shower. Flat 4 (flat D) Two bedroomed flat consisting of two double bedrooms, lounge with space for dining, well equipped kitchenette and shower room. TOP FLOOR: A four bedroomed flat with HMO Licence. Flat 5 (flat E). Consisting of three large double bedrooms and a smaller bedroom with small double bed. Large open plan kitchen/lounge/ diner with well equipped kitchen. Shower room. LARGE LOFT: Floored loft with ladder access . Currently used for storage. Enough height for standing so may be suitable for further accommodation. LARGE BASEMENT: Currently used for storage may be suitable for further accommodation. In possession of current owners since 1996. Rented without any empty periods during this time. All flats recently upgraded with Worcester combination boilers and new radiators. Four of the five properties have new modern shower rooms fitted ( all except flat C). New kitchens fitted to all properties and four of the fats have laminate flooring in place (all except flat C). All flats have UPVC double glazing. Block is in good overall condition with UPVC double glazed windows in hallways. Door entry system and Timed hall lighting. The roof had extensive renovations completed in 2016. The frontage was also cleaned by sandblasting at this time. There is a potential to increase rents to market level for greater yield. Has historically achieved between 32,000 and 40,000 per annum Current owners have invested over E90,000 on improvements and renovations. All flats are fully furnished and all white goods and furnishings are included in the sale. All flats comply with current regulations. Attic is insulated. New Gas Central Heating. Worcester Greenstar combi boilers, radiators and pipework. Still under warranty. £25,000 invested. New Shower rooms. maintenance free with aqua panel and PVC ceilings. £20,000 invested. Kitchen replacement, Roof renovation and building repointed and sandblast cleaned. £20,000 invested, Double glazing. £15,000 and laminated flooring £5,000 invested.

Auction Details
30 May 2024, 10am-3pm
Timed Online Auction

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