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9 Bedroom HMO, St. Andrew Street... 9 bed 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 is an exceptional investment opportunity in Peterhead, Scotland, a coastal town known for its rich maritime history and bustling fishing port. The property, a 9-bedroom HMO, is located in the heart of the town and offers a potentially outstanding return on investment and yield of up to 50%. With a current income of £35,000 per year, the property has massive potential for growth, with figures suggesting that increasing the nightly rate to £20 could bring in a staggering £65,000 per year. The property is set over four floors, featuring large bedrooms, communal kitchen, bathroom, shower room, and W.C., and is within walking distance to the harbour, fish market, and local amenities. With its prime location and high demand for short-term accommodation, this property presents an unrivalled investment opportunity, with the seller willing to consider pre-auction offers.