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4 bed Flat For Sale £72,000
105G, Longate, Potential HMO, Peterhead AB421Ju AB42


Description
** sale by auction - 08 September 2022 **
Timed Online Auction .

***RICS home report valuation of £95,000*** prime investment opportunity in the heart of the costal town of peterhead. Large 4 bedroom top floor property with potential for use as HMO and potential to split to create 2 individual properties. Property comprises Large dual aspect lounge, Dining Kitchen, 4 large double bedrooms and New bathroom. Enhanced by New Gas Boiler, UPVC Double Glazing. Fully redecorated with new flooring throughout. Property was previously let at £8,400 per annum. If property was used as HMO (subject to consents) a realistic rental of £300pcm per room would generate over £14,000 per annum giving outstanding yield Peterhead is home to the UKs largest fishing port and generates massive demand for affordable individual letting rooms and HMO properties. Property located within 2 minutes of the port and town centre This property was originally 2 individual properties converted (with consents) to create 1 large property. Developer may wish to consider the option of reverting to create 2 individual flats.

Peterhead is Aberdeenshire's second biggest town with a population of approximately 20,000. The local industry is mainly tourism and fishing - with Aberdeen itself approximately one hours drive away, offering commuting distance. Close by are many amenities including shops, supermarkets, bars and restaurants, with world famous seafood available in the harbour. Local pursuits include yachting, canoeing, hillwalking, shooting/hunting, golf and fishing, making the town ideal for the outdoor enthusiast.

Auction Details
08 September 2022,10am-3pm
Timed Online Auction,

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