9 bedroom terraced house

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• PRIME PROPERTY AUCTIONS NEW ENTRY. Rarely Available Investment Opportunity - 9 Bedroom Bed and Breakfast - PRICED FOR AUCTION SALE
   
• * Greystones, Abergeldie Road, Ballater, Aberdeen, AB35 5RR sold for £850,000 in December 2017, Chanaich Lodge Cottage, Porvost Craig Road, Ballater, Aberdeen, AB35 5NN sold for £602,500 in January 2017 *
   
• Property could achieve £450 - £500 per calendar month based on an HMO let providing an annual income of £48,600 - £54,000. Sure to appeal to a shrewd investor. Subject to the relevant research and permissions.
   
• Property is currently being run as a bed and breakfast and has the potential to be converted into an HMO premises subject to the necessary consents.
   
• Property could command gross yields between 10.2% - 11.37% gross based off a guide price of £475,000 and ran as a HMO. 

 

PRIME PROPERTY AUCTIONS NEW ENTRY. Rarely Available Investment Opportunity - 9 Bedroom Bed and Breakfast - PRICED FOR AUCTION SALE

Property could achieve £450 - £500 per calendar month based on an HMO let providing an annual income of £48,600 - £54,000. Sure to appeal to a shrewd investor. Subject to the relevant research and permissions. 

 

The property comprises of a mid-terraced house with accommodation over three floors. The property comprises; Entrance hallway, 9 bedrooms with en-suite bathrooms/ shower rooms, a spacious lounge and kitchen. Sure to appeal to a shrewd investor.
Property could command £48,600 - £54,000 per month based on an HMO let at £450 - £500 per room. Subject to the necessary permissions and consents. Sure to appeal to a variety of buyers and investors. 

  

The property has loads of potential and could be refurbished to a higher standard and re-financed to a higher value. The property has the potential to achieve a value upwards of £575,000 - £600,000 subject to spec of renovation.
 

EXCELLENT OPPORTUNITY for Shrewd investor. Rental potential of £48,600 - £54,000 per annum ran as a HMO.  

Local sales evidence:

* Greystones, Abergeldie Road, Ballater, Aberdeen, AB35 5RR sold for £850,000 in December 2017, Chanaich Lodge Cottage, Porvost Craig Road, Ballater, Aberdeen, AB35 5NN sold for £602,500 in January 2017 * 

The property will be entered into our upcoming online auction. You can make an offer to buy now through our website. Should you have any questions please do not hesitate to get in contact with the sales team on[use Contact Agent Button].

Location

Nestled within the breath-taking landscapes of Aberdeenshire, Scotland, lies the charming village of Ballater. This picturesque haven is cradled by the lush expanse of the Cairngorms National Park, offering a serene retreat for those seeking solace in nature's embrace. 

As you approach Ballater, you're greeted by the sight of traditional stone-built houses adorned with slate roofs, each contributing to the village's timeless allure. The river Dee flows gently through the heart of the village, its sparkling waters adding a touch of tranquillity to the surroundings. 

The village square stands as the focal point, a delightful space bustling with local shops, boutiques, and cafes. Quaint storefronts display a variety of goods, from handmade crafts and Scottish souvenirs to delectable treats and warm woollen garments. The aroma of freshly baked scones and brewed tea often wafts from the local tea rooms, inviting visitors to take a leisurely break and immerse themselves in the local hospitality.