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Two bedroom flat with tenant in situ
Instant cashflow tenanted investment 14% yield. Going under the hammer is this superb opportunity to acquire this two bedroom ground floor flat on School Drive within walking distance to the University of Aberdeen and a range of local amenities. The accommodation comprises an entrance porch, two spacious double bedrooms, lounge, modern kitchen with wall and base units and wet wall shower room. Externally the property benefits from some garden and garage. The property is currently tenanted at £905pcm (£10,860pa) with all compliance documents in place and available to any incoming buyer. If purchased at the guide price the property will yield at an incredible 14%. To ensure you do not miss out on this ready made investment opportunity with strong cash flow from day one, early expression of interest is highly recommended. Council Tax Band: C. EPC Rating: E
Tenure
Freehold
Area
School Drive is located within a few minutes walk of King Street and a wealth of local amenities. A regular bus service provides easy access to the City Centre, Aberdeen Beach with its many social/recreational facilities, including a 18 hole golf course and local shops. The industrial estates of Bridge of Don are within easy commuting distance also. The property is also well positioned to serve The University of Aberdeen within walking distance.
Local Authority
Aberdeen City Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.