King Street
Aberdeen, AB24

King Street,
Aberdeen,AB24

2 Bedrooms 1 Bathroom
Guide price:£57,500
Ends 10th December 2021 at 3PM
  • Traditional
  • Parking:Street
  • Council Tax Band:A
  • Excellent rental property
  • Instant return on investment offering 8.2% yield
  • Immaculate move in condition
  • Double glazed windows
  • Exclusive cellar in the basement
  • Well maintained shared garden
  • Pre-auction offers welcomed
  • Fantastic city centre location
  • Close to Aberdeen Uni- perfect student flat
  • Home Report £80,000
  • Electric Central Heating

Description

This is an excellent opportunity for someone looking to start or grow their property portfolio.  The flat comprises: Entrance hall; compact living room; good sized dining kitchen area; 2 Bedrooms; Bathroom with an over bath shower. Heating is provided by electric heating and all windows are double glazed. Outside there is a well maintained shared rear garden and the communal stair is in excellent condition..

Property is currently tenanted with all rent up to date.  Rent currently being achieved is £395pcm giving an annual income of £4,740 and providing a yield of 8.2%.

Should this tenant move out, a considerably higher rent could be achieved by renting out the rooms individually.

Accommodation comprises:-

Entrance: The well maintained communal hall and staircase is accessed via a security entry system.

Hall: Exterior door leads to the hall; overhead electric meter; wall mounted security entry handset; low level storage cupboard; fitted carpet.

Living room: 4.03m x 1.88m (13'2" x 6'2") approx.  Situated to the front of the flat; ceiling cornice; pendant light fitting; fitted carpet; glass panelled door leads to the hall.

Kitchen: 3.63m x 3.28m (11'10" x 10'9") approx.  Fitted with a range of base and wall mounted units linked by work surfaces and ceramic wall tiles; pendant and fluorescent light fittings; built-in storage cupboard; double window to the rear of the house; vinyl flooring; storage heater.

Bedroom 1: 4.07m x 2.09m (13'4" x 6'10") approx.  Bright room with a large window to the front of the building; built in wardrobes; ceiling cornice; pendant light fitting; fitted carpet; storage heater.

Bedroom 2: 3.08m x 1.80m (10'1" x 5'10") approx. The second bedroom also has a front aspect; ceiling cornice; pendant light fitting; fitted carpet; storage heater.

Bathroom: Fitted with a three piece suite complete with an overbath shower and shower curtain; built-in storage cupboard; pendant light fitting; vinyl flooring.

Basement: Exclusive cellar in basement; shared access to an additional cellar.

(Outside)

Attractive, shared rear garden laid mainly to grass.

Further benefits of the property include Electric heating. Double glazing. Security entry system. The fitted flooring and light fittings will be included in the sale.

This property was previously a 1 bedroom flat however a wall was put up to make a second bedroom and maximise rental potential.  This could easily be reversed if the purchaser wishes to do so.

The location of this flat could hardly be better, situated around 1 mile from Union Square shopping centre, around 1 mile in the other direction is Aberdeen University meaning this flat would be ideal for the many students in the city.  Also close by is Aberdeen FC Stadium, Pittodrie which is around a 15 minute walk.  Aberdeen itself is a vibrant city with great night life, a fantastic standard of living and a large student population.

Photos provided by seller

In the event of an offer being accepted the following charges will be payable immediately:-

Buyers Fee £3,000

Deposit to the sum of 10% of the sale price.

EPC rating: F.

Location

Documents

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Floorplan
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Areas

edinburgh_shore
Edinburgh

Beautiful Capital City of Scotland is a popular tourist and business destination all year round.  The property market in this fine Festival City has consistently remained buoyant for a good number of years and doesn’t show any signs of slowing down at any time soon.  Edinburgh is our hub for both the city and all surrounding areas from the scenic Scottish Borders to the commuter towns of and picturesque villages of Fife.

dundee_city_quay
Dundee

The wonderful City of Discovery has enjoyed a regeneration in recent years with the waterfront development on the banks of the Firth of Tay estuary at the heart of it.  Dundee benefits from a large Student population ensuring rental properties, in particular,  are always popular.  Moving south from Dundee is the Fair City of Perth while going the other direction North of Dundee you have the birthplace of Scotland, Angus.

aberdeen
Aberdeen

The Granite City, as it is affectionately called, is a vibrant city with a large student population.  The city has benefited from the Oil industry with a number of large businesses headquarters being based there.  The Aberdeenshire area boasts some of the best beaches and coastal walks in the country.  With the rise in popularity of Staycations the rural settings of Aberdeenshire villages are sure to be popular in the coming years.