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Lot 56

1 Millbank Lane, Aberdeen, AB25 3YG

Guide Price: £110,000

Vacant Freehold Flat Offer Now Available



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Key Features:

**IDEAL BUY TO LET PROPERTY** Rare opportunity to purchase 4 Bedroom HMO property in the heart of University city of Aberdeen. HOME REPORT VALUE £120,000


  • **HIGH YIELDING INVESTMENT OPPORTUNITY** Realistic Rent per room £400PCM giving an annual income of £19,200 and providing a terrific yield of over 17% if achieved for guide price.
  • SUPER COMPARABLE SALE EVIDENCE- 19, Millbank Lane, Aberdeen, £185,000...41, Millbank Lane, Aberdeen £165,000...31, Millbank Lane, Aberdeen, £165,000...
  • PERFECT LOCATION FOR HMO PROPERTY- Central location ideal for Aberdeen University and ARI- Sure to appeal to the shrewd investor. EPC- D
  • The city of Aberdeen is the main business and enterprise hub in the North East of Scotland. The city has a population of 197,000 with further catchment of 200,000 in Aberdeenshire


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Council Tax

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Description:

**IDEAL BUY TO LET PROPERTY** Rare opportunity to purchase 4 Bedroom HMO property in the heart of University city of Aberdeen. This property is in good habitable condition and could be tenanted immediately making this the ideal purchase for investor looking to start or grow their portfolio. **HIGH YIELDING INVESTMENT OPPORTUNITY** Realistic Rent per room £400PCM giving an annual income of £19,200 and providing a terrific yield of over 17% if achieved for guide price. SUPER COMPARABLE SALE EVIDENCE- 19, Millbank Lane, Aberdeen, £185,000...41, Millbank Lane, Aberdeen £165,000...31, Millbank Lane, Aberdeen, £165,000... PERFECT LOCATION FOR HMO PROPERTY- Central location ideal for Aberdeen University and ARI- Sure to appeal to the shrewd investor. EPC- D


Location:

Millbank Lane enjoys a superb location for those studying at Aberdeen University and for those wishing access to Aberdeen hospital complex. There are excellent local amenities with Berryden Retail Park close by which has a Sainsburys supermarket and further range of quality units. There are excellent public transport facilities which allow easy commuting to other areas of the city. The city of Aberdeen is the main business and enterprise hub in the North East of Scotland approximately 65miles North of Dundee with extensive investment in education and enterprise. The city has a population of 197,000 with further catchment of 200,000 in Aberdeenshire.


Map & Directions:



Further Info & Downloads:


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Enquiry Forms:
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Phone:

0141-632-6599

Email:

info@future-auction.com


Pricing Info & Bidding:


Guide Price = £110,000


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

SUBMIT OFFER NOW

Video Tour:



Viewings:


Internal Viewings...

This property may be open for internal viewings at specified times which will be listed on this page when available. We advise all interested parties to follow social distancing rules for safety and to wear appropriate PPE when visiting properties.

External Viewings Anytime...

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. We advise all interested parties to follow social distancing rules for safety and to wear appropriate PPE when visiting properties.

Auction Details:



  • Auction Date

    25 September 2020, 4pm


  • Auction Location

  • Deadline for Offers


How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.