Excellent buy to let or HMO opportunity

Going under the hammer is this superb opportunity to acquire this second floor four bedroom flat on Park Road in the heart of Aberdeen. The accommodation comprises an entrance hallway which leads to a modern kitchen with a range of wall and base units, breakfast bar and utility room, spacious lounge, four double bedrooms and a three piece shower room. The new occupiers will benefit from a shared back court with drying area. The property does require some modernisation but on completion of works would make an excellent buy to let with a current LHA value of £14958 p.a. and if purchased at the guide price would yield at an enticing 17%. Subject to consents the property could also be used as a HMO as the University of Aberdeen is within close proximity. To ensure you do not miss out on this opportunity early expression of interest is highly recommended. Council Tax Band B.

Tenure

Freehold

Area

Park road is located conveniently for access to Aberdeen university and the Royal infirmary, it is also within walking distance of the city centre and all the amenities that come with it.

Local Authority

Aberdeenshire Council

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.