Craig Place, Aberdeen AB11 1 bed ground floor flat for sale

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Craig Place, Aberdeen AB11 1 bed ground floor flat for sale

8A, Craig Place, Aberdeen, AB119AH
£18,000

Our Summary

  • ** 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
  • Some internal upgrading required
  • AUCTION DATE: 12 June 2025

Description

This property is a ground floor flat in a tenement building in the Torry area of the city, close to the City Centre, University, businesses, and hospital. The flat requires some minor upgrading prior to letting, but has a high potential rental income of £500 per month (£6,000 per annum), resulting in a fantastic rental yield of 25% at the opening bid price. The property features electric heating, part double glazing, secure entry, and well-maintained communal spaces. With a high demand for rentals in the area, this property is ideal for investors and landlords, and comparable sales in the area have achieved prices ranging from £35,000 to £60,000.