1 Bed Flat For Sale

** SALE BY AUCTION - 12 June 2025 - Timed Online Auction **

**IDEAL FOR INVESTOR LANDLORD**Ground floor flat in tenement building close to City Centre with HIGH TENANT DEMAND - close to University, businesses and Hospital. Some minor upgrading required prior. Comprising of hall, living room, kitchen, double bedroom and shower room. Potential rental income at £500 per calendar month (£6000 per Annum). FANTASTIC Rental yield of 25% at opening bid price. Property further enhanced by a system of electric heating, part double glazing, secure entry and well maintained communal spaces. IDEAL FOR RENTAL MARKET was previously let prior to becoming vacant. Craig Place is in the Torry area of the city close to the City Centre. Ideal for tenant demand from hospital university and local city ctr businesses. Some internal upgrading required.**EPC RATING E****COMPARABLE SALES****1 Bed Victoria Road sold 2024 £48,000**1 Bed Abbey Place currently marketed at £49,995**1 Menzies Road (1 bed) sold 2024 £35,000**1B Walker Place (1 bed) sold 2023 at £60,000**ROOM MEASUREMENTS - Living room 15'4" x 15'8"; Kitchen 7'82 x 4'4"; bedroom 10'8" x 11'4".

Aberdeen is located approx. 125 miles north of Edinburgh and 145 miles north east of Glasgow. Excellent road communications with the A90 and A96 offering direct links to Dundee and Inverness. Situated centrally off Aberdeenâ??s city centre, the area around Torry is popular with young professionals and students alike. Residents of the city are spoiled for choice when it comes to local amenities: thereâ??s a fantastic selection of supermarkets, independent boutique shops, restaurants, and primary and secondary schools all within easy reach. Plus, this area boasts several parks and green spaces and itâ??s only a short distance from lively Union Street. Housing in this area primarily consists of Victorian granite tenement blocks, as well as an increasing number of modern apartment complexes and new developments. Aberdeen City & Shire is the third largest city region in Scotland and home to almost 0.5 million people of which 230,000 live in Aberdeen. Aberdeen is one of the world's top five energy cities and has been ranked as one of the UK's most competitive cities with innovative industries, excellent academic and research capabilities and a highly skilled workforce.

Auction Details
12 June 2025, 10am-3pm
Timed Online Auction

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