Jamaica St, Aberdeen, AB25

Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A

Key Features: • BUY-TO-LET PORTFOLIO OPPORTUNITY. • 6 FLATS ALL IN SAME BLOCK • £37,200 PER ANNUM IN RENTAL INCOME. • ADDITIONAL BASEMENT WORTH £120K INCLUDED. • NO ADS TAX TO PAY. • £3,100 PCM, WITH SCOPE TO INCREASE. • COMPLETE CONTROL OF THE ENTIRE BLOCK. • 10.3% YIELD AT OFFERS OVER. • SETTLED TENANTS. • RARE OPPORTUNITY.

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 74 Kirkintilloch Road, Bishopbriggs, Glasgow, G64 2AH

Full Description: Smart Sales & Investments are delighted to present this rare block of 6 flats in a desirable area of Aberdeen. This is a fantastic and highly sought after investment opportunity, and will be a great addition to the professional investor's portfolio.This is a rare and exciting opportunity to own the full block with a large basement area coming as part of the purchase. You will enjoy the huge 8% ADS saving by purchasing all 6 properties and receive £37,200 annual income with scope to increase.The block consists of 6 flats.Flat 1Market Value: £55,000Studio FlatCurrent Rent: £525pcmFlat 2Market Value: £60,0001 Bed FlatCurrent Rent: £500pcmFlat 3Market Value: £60,0001 Bed FlatCurrent Rent: £500pcmFlat 4Market Value: £70,0002 Bed FlatCurrent Rent: £500pcmFlat 5Market Value: £45,0001 Bed FlatCurrent Rent: £525pcmFlat 6Market Value: £60,0001 Bed FlatCurrent Rent: £550pcmThis portfolio has been valued at £385,000 with a valuation report available upon request.Investment Highlights:Projected Annual Income: £37,200 (£3,100pcm) with scope to increase.Impressive Yield: 10.3%, significantly higher the average.High Rental Demand: Rental demand is extremely high in Aberdeen at the moment.No ADS: No need to pay the 8% ADS tax as there is 6 properties in this portfolio.Smart Sales & Investments are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium will apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion. EPC rating: Exempt.