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Under offer

Guide price

£225,000

11 bed property for sale Lighthouse Cottages, Rattray, Peterhead AB42

11 beds
5 baths
2 receptions

Property location

  • Crimond School2.3 miles
  • St Fergus School3.5 miles
  • Aberdeen Airport31 miles

Features and description

  • Freehold
  • Income Generating
  • Great Business Opportunity
  • Previously Listed For Sale At £490,000
  • Scope to Develop Further
  • Seaside Location
  • Conservation Area
  • Large Garage
  • Potential Yield Of 14% @ lha Rates
  • For Sale By Online Auction Ending 1st June at 1pm
Fantastic investor opportunity to purchase these two large detached properties situated at Rattray Head, Aberdeenshire.

The first property is a five bedroom detached property currently rented out for £780pcm. The accommodation comprises: Lounge, kitchen, utility, play room, shower room, dining room, cloaks, garage and on the upper floors are five bedrooms (three en-suite) & shower room. This property was formerly two semi detached properties and could easily be converted back subject to the relevant planning consents to maximise income. 3 years ago the two external doors and all windows were replaced with modern UPVC double glazing.

The second property is currently divided into 3 x two bedroom flats with one of them previously rented out as a holiday let which can still be seen by following the link:

The house and hostel are as eco-friendly as possible with both hot water and heating provided by a four year old Baxi 50 kw oil boiler . This unique property is full of potential for anyone looking for a lifestyle change, looking for an opportunity to build up the existing business or to work from home on a new enterprise. Although in need of some upgrading and modernisation this would offer a fantastic business opportunity for the right buyer with the local lha rates providing an income of £33,328 per year at full occupancy. This property was previously listed for sale in 2016 at £490,000 so this is a huge opportunity for the right buyer to get their hands on a real bargain at the start of 2021.

For Sale By Online Auction Ending 1st June at 1pm.

Register now:

Area

Rattray Head is on the edge of a sssi and just over 1 mile as the birds fly from the Loch of Strathbeg rspb reserve. Rattray Head itself is a location well known to bird and wildlife watchers with it's diverse populations of birds, sealife and wild animals. The garden is often under close scrutiny, especially after bad weather, as unusual migrants frequently take advantage of the available cover before continuing their journey. There are also resident linnets, sparrows, robins, warblers, stonechats and swifts. Murmurations of starlings are regularly seen over neighbouring fields along with thousands of migrating geese in the winter months. Deer, foxes, badgers, stoats and rabbits are regular visitors.
Purchasers notes


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