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Ground floor flat
New to auction is this tenanted ground floor apartment in the popular Ferryhill area, a stone’s throw from Aberdeen city centre. The well-presented accommodation comprises lounge/bedroom, dining kitchen and bathroom with over bath shower. Further benefits include gas central heating, double glazing, cellar storage and shared gardens to rear. The tenant in situ offers a strong rental yield in excess of 10%, but should the property become vacant the market rate is likely to produce even better returns. The property is managed by a local letting agent and the tenant has maintained the property to a good standard. With the benefit of immediate rental income from completion, this apartment represents an excellent addition to a rental portfolio, or equally a great starting point for a new rental investor. Early viewing is recommended. Council Tax Band: A.
The popular Ferryhill area is well regarded, and enjoys convenient location just minutes from Aberdeen city centre. A host of retail and leisure options are on the doorstep, and the property is also very close to Aberdeen University campus. Aberdeen is undergoing a resurgence in recent times, and provides all the leisure, recreational, shopping, entertainment and cultural facilities expected of the energy capital of Europe, with an airport situated to the north of the city which has an extensive range of domestic and international flights. Aberdeen benefits from an ever-expanding range of domestic and European flights. There are also regular inter-city services from the city’s railway station.
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- Home Report £60,000
- Well-presented studio apartment
- Tenant in situ offers immediate income
- Rental yield in excess of 10%
- Current rental income £400pcm / £4800pa
- Convenient location close to Aberdeen city centre