Block of flats for sale in Society Court, Aberdeen AB24

Offers in region of £680,000 (£126.1/sq. ft)
Interested in this property? Call +44 131 268 3299 * or Request Details

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Block of flats for sale

501 sq. m*

Property features

  • Tenanted & Fully Compliant
  • Instant Rental Income
  • 17% Discount on Valuation

Property description

Fully let residential portfolios, in a self contained block, comprising eight tenanted properties located in Aberdeen.

The portfolio has a written surveyor valuation of £820,000 and will produce an instant annual income of £47,280 generating an instant 6.9% gross rental yield, and should produce a future annual income of £62,400 generating a 9.2% gross yield.

EPC Info: All are either rated a C or D.
Bedroom Info: All two bedroom flats.
Furnishing Info: Seven out of eight are full furnished & equipped.
Management Info: All are self managed.
Property Factoring Info: Current factoring agreement is circa £40pm per flat.
Tenancy Start Dates: Range from 2019 to 2023.
Tenant Type: All working or students. A good mix of families and singles / couples.

The entire block has been wired for the new super speed fibre and Aberdeen International Airport is just a 10 minute drive away.

Please get in touch for more information.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Portolio, EH12 on +44 131 268 3299 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Portolio, and do not constitute property particulars. Please contact Portolio for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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