£680,000

Block of flats for sale

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Business

Offers in region of

£680,000

(£1,052.90/sq. ft)

Block of flats for sale

Society Court, Aberdeen AB24

5,393 sq. ft

Local area information

Property location

Nearby amenities

  • Woodside School 0.1 miles
  • Riverbank School 0.5 miles
  • Aberdeen 2.4 miles
  • Aberdeen Ferry Terminal 2.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

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

More information

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  1. Zoopla
  2. Commercial for sale
  3. Aberdeenshire
  4. Aberdeen
  5. Woodside
  6. Society Lane

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