Queen Street, Peterhead AB42 3 bed flat for sale

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Queen Street, Peterhead AB42 3 bed flat for sale

Queen Street, Peterhead AB42
£54,000

Price History

Initial price £56,000
11/01/25 £67,000
18/01/25 £54,000
25/01/25 £70,000
01/02/25 £56,000
08/02/25 £70,000
15/02/25 £56,000
22/02/25 £70,000
01/03/25 £56,000
08/03/25 £67,000
15/03/25 £54,000
Price Change -3.57%

Description

This is a secure income-producing investment opportunity in Peterhead, a popular town in Aberdeenshire. The property is a large 3-bedroom HMO main door duplex with a secure long-term tenant paying £650 per month (£7,800 per annum). The tenant has been in place for approximately 10 years and has a perfect payment history, indicating a high level of reliability. The property has a HMO licence, allowing for the potential to rent individual rooms and increase the rental income. The town of Peterhead is experiencing a high demand for accommodations due to ongoing work at the power station, which will last for five years. Additionally, the business below the property has 20 years remaining on its lease, which the tenant manages, providing further security. With a prime rental location and a strong tenant, this property offers a highly secure and potentially lucrative investment opportunity.