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6 bedroom terraced house for sale
47 Springbank Terrace, Aberdeen, AB11 6LR
£250,000
47 Springbank Terrace, Aberdeen, AB11 6LR
£250,000
Price History
Initial price | £260,000 |
15/01/25 | £250,000 |
Price Change | -3.85% |
Description
Prime Property Auctions presents a stunning guesthouse building in Aberdeen, operating as a HMO with 6 bedrooms, offering a guide price of £260,000. The property is currently tenanted and achieving an annual yield of 9.23-11.5% based on the guide price. The building has a rich history, previously selling for £395,000 and £360,000 in the surrounding area. With planning consents, the property has the potential to be converted into multiple serviced accommodation units or back into a residential unit with an end market value of upwards of £380,000. The property is being offered at a substantial discount, making it an excellent opportunity for builders, developers, and investors looking for a project. With its prime location in Aberdeen, the property is sure to appeal to those looking for a unique investment opportunity.