£99,995 Guide price
Nine bedroom HMO
New to auction is this nine bedroom HMO in St Andrew Street, Peterhead. The accommodation is across four floors and comprises of an entrance vestibule which leads to the first floor with two generously sized rooms and the communal kitchen. On the second floor there are a further three bedrooms with a large, shared bathroom. On the third floor there are a further three bedrooms with a separate w/c and on the top/attic floor is the final bedroom and shower room. The property is currently operating at four of the nine rooms occupied. Rooms are let out at circa £75pw with the rental income currently at £15,600pa, however at full occupancy this would equate to £675pw/£35,100pa. If purchased at the Guide Price the current yield would be 16% with a potential yield of 35%. This is an opportunity not to be missed and early viewing is recommended. Council Tax Band: D.
Peterhead is a coastal fishing town on the north east coast of Scotland, approximately 30 miles north of Aberdeen. The town offers a wide range of local and national retail options, as well as a number of hotels, bars and sporting facilities. The A90 links Peterhead both north and south, and there is a Park and Ride facility at nearby Ellon. Peterhead also offers both primary and secondary schools.
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