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Queen Street, Peterhead AB42 3 bed flat for sale
Queen Street, Peterhead AB42
£54,000
Queen Street, Peterhead AB42
£54,000
Our Summary
- HUGE POTENTIAL* There is a demand for accommodations in Peterhead due to ongoing work at the power station, which will last for five years
- Auction Details15 May 2025, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
- Future Property Auctions - Scotland's Largest Land and Property Auction House
- AUCTION DATE: 15 May 2025
Description
This large 3-bedroom HMO main door duplex property in Peterhead is an immediate income-producing investment opportunity with a secure long-term tenant. The property, which has been tenanted for approximately 10 years, is currently generating £7,800 per annum and has a 20-year lease remaining on the business below. The tenants, who have a perfect payment history, have indicated their intention to remain in the property for at least the next 9 years. The property is enhanced by gas central heating and double glazing and is located in a prime rental location, with huge potential to increase the rental income from £650 to £1,200 per month by renting individual rooms. With the ongoing work at the power station in Peterhead, there is a high demand for accommodations in the area, making this an extremely secure income-producing investment opportunity.