1 bedroom flat for sale

Tenanted first floor flat within a traditional granite tenement block of six, located just north of Aberdeen city centre. Built around 1900, this property offers character and convenience, making it an ideal opportunity for investors. The accommodation is 38 sq m and comprises an entrance hallway, living room, double bedroom, Kitchenette, Bathroom with WC. The property benefits from having gas-fired combination boiler providing heating and hot water, uPVC double glazed windows, fully compliant for the rental market, providing immediate rental income.This buy-to-let investment is being sold with tenants in situ, ensuring rental income from day one. The tenants have been in residence since August 2022, generating an annual rental income of £5,700, offering an immediate yield of 11%. The market rental for a future tenancy is circa £550pm. The property is let furnished and sold as seen. The Home Report value is £55K. The property is fully compliant with current rental standards and is being sold with the tenant in place, making it a ready-made buy-to-let investment. This area of Aberdeen remains popular with tenants due to its proximity to the city centre, local amenities, and excellent transport links.