9 bed property for sale

9 Bedroom HMO, St. Andrew Street, Peterhead, Aberdeenshire AB42

Outstanding investment opportunity.

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