OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 4
  • Council Tax Search SAA

Description

Full Address: 55 Bedford Place, Aberdeen, AB24 3NS

Large tenanted 4 bedroom flat located in the heart of Aberdeen within walking distance of many amenities. Tenanted Investment Opportunity.

Second Floor Flat Comprises; Lounge, Dining kitchen, Shower Room and 4 Bedrooms. Benefits from Gas Central heating and Double Glazing throughout. EPC BAND E.

Currently tenanted at 650PCM (7,800 Per Annum) LOW RENT*** Realistic Rental Potential for this area 1,200 PCM (14,400 Per Annum).

Local Sales Evidence; 38 Elmfield Terrace, Aberdeen AB24 3NY previously SOLD for 172,500 in Sept 2020*** 57 Powis Place, Aberdeen AB25 3TT previously SOLD for 152,500 in Aug 2020***

Superb rental location with exceptional amenities close-by including the University of Aberdeen and Aberdeen Royal Infirmary. Access to city centre in under 10 minutes. PERFECT RENTAL PROPERTY.

Large tenanted 4 bedroom flat located in the heart of Aberdeen within walking distance of many amenities. Tenanted Investment Opportunity. Second Floor Flat Comprises; Lounge, Dining kitchen, Shower Room and 4 Bedrooms. Benefits from Gas Central heating and Double Glazing throughout. EPC BAND E. Currently tenanted at 650PCM (7,800 Per Annum) LOW RENT*** Realistic Rental Potential for this area 1,200 PCM (14,400 Per Annum). Local Sales Evidence; 38 Elmfield Terrace, Aberdeen AB24 3NY previously SOLD for 172,500 in Sept 2020*** 57 Powis Place, Aberdeen AB25 3TT previously SOLD for 152,500 in Aug 2020*** Superb rental location with exceptional amenities close-by including the University of Aberdeen and Aberdeen Royal Infirmary. Access to city centre in under 10 minutes. PERFECT RENTAL PROPERTY.

This property 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.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: 14,400 per year / 1,200 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT (Available) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £90,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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