1 bed Flat For Sale £55,000
Castle Street, Aberdeen AB11

PART OF PORTFOLIO SALE - TENANTED INVESTMENT OPPORTUNITY

• Excellent Buy to Let investment Opportunity Property. Good sized 1 bedroom flat currently tenanted at £415 pcm. Long Term Tenant in situ. Perfect Investment.
• *16 Flat 5, Castle Street, Aberdeen, Abn AB11 5BQ sod for £80,000 July 2020, 16 Flat F, Castle Street, Aberdeen, Abn AB11 5BQ sold for £105,000 July 2020 *
• Property is professionally managed and is currently let on a PRT agreement at £415 pcm. Tenant has been in situ since February 2018 with all payments up to date.
• Property is sold in excellent condition and set in an easy lettable location. Sure to appeal to an investor looking for an affordable property with capital growth potential.
• Property benefits from being close to local amenities and has good road links provide easy access to all parts of the city and the area is also well served by public transport facilities.

Excellent Buy to Let investment Opportunity Property. Good sized 1 bedroom flat currently tenanted at £415 pcm. Long Term Tenant in situ. Perfect Investment. Property comprises: Entrance hall, Open plan Living room/ kitchen area, Double Bedroom and Bathroom.

The property is tenanted unfurnished and has all certifications in place. The property is currently managed by a professional letting agent.

Property is sure to appeal to investors. Asi it is sold in excellent condition and set in an easy lettable location. Fantastic opportunioty for an affordable property with capital growth potential. Property is professionally managed and is currently let on a PRT agreement at £415 pcm. Tenant has been in situ since November 2018 with all payments up to date. * SETTLED LONG TERM TENANT *

Property currently provides a gross annual rental of £4,980 and currently provides a gross yield of 7.4% if achieved for Opening Bid price of £65,000. Property has a rental potential of £425 - £450 per calendar month which would generate an annual income of £5,100 - £5,400, which would generate a gross yield of 8.3% if achieved for Opening Bid price of £65,000.

Property is located in an ideal buy to let location, being set directly in the city centre of Aberdeen. Super sales evidence:
*16 Flat 5, Castle Street, Aberdeen, Abn AB11 5BQ sod for £80,000 July 2020, 16 Flat F, Castle Street, Aberdeen, Abn AB11 5BQ sold for £105,000 July 2020, 21 Flat 3, Castle Street, Aberdeen, Abn AB11 5BQ previously sold for £155,000 *
Early offers considered. For further details please contact our sales office and speak to a member of the sales team.

Renewable energy is beginning to make its mark in the North East, and is a priority sector for the region. There is huge capacity for the generation of renewable energy in the North East and diversification into alternative energy technologies is underway, to complement work already being undertaken in hard to reach oil and gas reserves, hydrogen fuel cell supply chain opportunities, renewable energy and carbon capture. This is a main driver for price increase within the property sector, both for capital growth in property values coupled with rental demand increase, leading to higher monthly rents.

Location
Castle Street, being situated close to Union Street, a wide range of shopping facilities are on the doorstep, as are public transport facilities to all parts of the City which can also be accessed by a variety of arterial routes. Given the property's central location pubs, clubs, restaurants and leisure facilities are all close to hand.
Don rivers meet the North Sea. With an offshore petroleum industry, the city is home to an international population. It's also known as the ‘Granite City' for its many enduring grey-stone buildings. The 19th-century Marischal College is typical - a monumental Victorian landmark that's now headquarters of the City Council