9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
- PROPERTY TYPE
House
- BEDROOMS
9
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Outstanding investment opportunity
- 9 Bedroom HMO property in popular location
- Massive potential yield of up to 50% based on £20 per room per night
- Massive demand locally for short-term accommodation
- Close to Europe's largest fishing port
- Close to Fish Market and local employers
- Pre-auction offer considered by seller
Description
9 Bedroom HMO property in the heart of the popular harbour town of Peterhead- The fishing capital of the United Kingdom.
Peterhead enjoys massive demand for short-term accommodation as a result of it's position as the largest fishing port in Europe!
This property was previously let for over £35,000 per year and and offers a potentially outstanding return on investment and yield in excess of 25%.
These figures are based on an income of only £75 per room per week (just over £10 per night per room). If these figures were increased to £20 per night then the income could be as high as £65,000 per year giving an approximate 50% yield.
Where research is done to find a suitable commercial tenant these figures become a very real possibility.
The impressive property is set over 4 floors and contains 9 large bedrooms, communal kitchen, Bathroom, Shower Room and W.C. (All bedrooms have washing facilities).
Enhanced by Gas Central Heating- heating system has not been tested by the auctioneer and no guarantees are offered.
Perfect location within minutes of the Harbour and Fish Market- close to all major supermarkets, shopping, bars and restaurants.
Unrivalled investment opportunity.
The property is offered with full vacant possession.
Peterhead is a coastal town in Aberdeenshire, Scotland, known for its rich maritime history and bustling fishing port-the largest in the UK. It has a thriving local economy centred on energy, including oil and gas, and renewable energy sectors, making it an attractive spot for professionals in these industries. With affordable property prices, scenic coastal views, and close proximity to Aberdeen (around 30 miles away), Peterhead offers both a peaceful lifestyle and access to urban amenities. Investment in Peterhead is appealing due to ongoing developments in its port and renewable energy projects, which may boost property values and rental yields over time.
The seller has indicated that pre-auction offers will be considered for this lot.
To make an offer for for further information visit Braveheart Auctions website now.
The property will be sold under auction terms and conditions and will be subject to deposit and Buyer's Premium.
For more information speak to our dedicated property team now.
Be Brave... Follow Your Heart.
Outstanding investment opportunity
9 Bedroom HMO property in popular location
Massive potential yield of up to 50% based on £20 per room per night
Massive demand locally for short-term accommodation
Close to Europe's largest fishing port
Close to Fish Market and local employers
Pre-auction offer considered by seller
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire, AB42 1DS
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Visit our security centre to find out moreDisclaimer - Property reference 218FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions Limited, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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