This property is no longer on the market
9 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
- Prime seafront location
- Spectacular views of North Sea
- Huge earning potential
- Rare to the market
- Multiple streams of income
- Visit the Auction House Scotland website to download the Legal Pack
- Attractive investment
Rare opportunity to purchase this stunning period property located in the popular coastal town of Peterhead. This attractive building is beautifully positioned offering spectacular views of the North Sea. The property has been cleverly converted into three self contained three bedroom apartments and a modern detached studio garage conversion. Externally, there is a beautifully maintained secure rear garden with patio. In addition to this, there is a detached garage that sits on a 20m x 20m driveway accessed via Clerkhill Road. The garage has been converted into a modern self contained studio apartment offering potential additional income. This purchase would ideally suit a buy to let landlord with a total potential income of around £2200pcm/£26,400pa offering an attractive 8% rental yield if purchased around the guide price. This is also an excellent opportunity to purchase the main ground floor apartment to live in and rent out the remaining flats, this property offers several ways for high earning potential. Viewing is highly recommended to appreciate what is on offer.
Ground floor apartment
The ground floor apartment is accessed by the main door of the building and consists of a bright and spacious lounge boasting high ceilings, bay windows and original features, a generously proportioned bedroom with master en-suite shower room, a second double bedroom, extended dining kitchen, sunroom, family bathroom and a third single bedroom with its own en-suite shower room. The third bedroom forms part of the extension with its own external door and can be rented out separately. The entire ground floor apartment itself is offered vacant and has a potential rental income of around £1000/pcm. Council Tax Band : D.
First floor apartment
The first floor apartment is a three bedroom flat accessed via an external staircase at the rear of the building. The property consists of a spacious lounge with sea views, modern dining kitchen, two double bedrooms, a third bedroom which is ideal for an office space or dressing room, bathroom with electric shower over bath. There is currently a tenant in situ paying £600/pcm. Council Tax Band : C.
Top floor apartment
The top floor apartment is a three bedroom flat consisting of a spacious lounge with sea views, modern dining kitchen, two double bedrooms, third bedroom and bathroom with shower cubicle and bath. This flat is currently offered vacant with the potential rental income of £600/pcm. Council tax Band: B.
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
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Property reference AGG-33471237. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland - Scotland.
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Broadband availability and predicted speed: obtained from Ofcom on June 23, 2023
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 23, 2023
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area: obtained on November 6, 2013 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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