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9 bedroom house for sale
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
£110,000
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
£110,000
Our Summary
- Outstanding investment opportunity
- Unrivalled investment opportunity
- The seller has indicated that pre-auction offers will be considered for this lot
- The property will be sold under auction terms and conditions and will be subject to deposit and Buyer's Premium
- Outstanding investment opportunity9 Bedroom HMO property in popular locationMassive potential yield of up to 50% based on £20 per room per nightMassive demand locally for short-term accommodationClose to Europe's largest fishing portClose to Fish Market and local employersPre-auction offer considered by seller
- Massive potential yield of up to 50% based on £20 per room per night
- Pre-auction offer considered by seller
Description
This 9-bedroom HMO property in Peterhead, Scotland, offers an outstanding investment opportunity with massive potential yield. Located in the heart of the town, close to the harbour and fish market, the property has a high demand for short-term accommodation due to its proximity to Europe's largest fishing port. The property was previously let for over £35,000 per year and has the potential to generate an income of £65,000 per year with a nightly rate of £20 per room, giving a yield of over 50%. The property has 4 floors, 9 large bedrooms, communal kitchen, bathroom, shower room, and W.C., and is set up for gas central heating. With its prime location and massive potential yield, this property is an unrivalled investment opportunity. The seller is willing to consider pre-auction offers, and the property will be sold under auction terms and conditions.