Property Page2019-10-21T11:04:25+00:00

For Sale

Student Accommodation Investment

Location

Sumner Street
Aberdeen
AB24 4EY

For Sale

Student Accommodation Investment

Location

Sumner Street
Aberdeen
AB24 4EY

CONTACT DETAILS

Branch: Aberdeen
Phone no: 01224 594 172
Contact: Lisa Cowie
Contact email: Lisa.Cowie@dmhall.co.uk

We would like to keep you posted on future properties you may be interested in but in order to do so we require your permission:

Aberdeen City
Sumner Street
Aberdeen
AB24 4EY
O.I.R.O £950,000
Type: Investment
Status: Available
Brochure: Download
Location: View map

Location

The property is located on the corner of Summer Street and Tanfield Walk which is surrounded by a mixture of residential, retirement and commercial units fronting Great Northern Road. Located approximately 1 mile north west of the University of Aberdeen’s main campus, the property can be accessed from Tanfield Walk and the A 96 Great Northern Road. Great Northern Road then links with St Machar Drive leading directly to the University of Aberdeen.

Aberdeen is Scotland’s third largest populated city located on the north east coast of Scotland approximately 125 miles from Edinburgh with a population of circa 200,000. Aberdeen University has a student population of over 14,000 and a large international community drawn from more than 120 different countries.

Description

Comprises a detached, two storey, former nursing home which was converted in 2015 to provide 6 no student “cluster flats” known as Flats A-F. Internally the flats have been split to provide either 5 or 6 bedrooms each equating to a total of 32 flats total benefitting from a shared kitchen, living room and shower rooms.

The left hand side of the building from Summer Street comprises Flat A to the ground floor and Flat D to the first floor with Flats B and C, to the ground floor and Flats E and F to the first floor being situated on the right hand side of the building which is accessed via a central communal corridor and staircase.

Flat A benefits from a dedicated entrance directly off Summer Street (via external steps ramp) and to the southern gable end of the building is an external steel staircase which provides access to Flat D at first floor level.

All flats fall with in Council Tax Band E, with £1,665.09 payable per flat The properties all have an EPC rating of C Full copies of the EPC’s are available upon request.

Asking Price
Offers are invited in the regions of £950,000, representing a Net Yield of 9.12% based on 5.69% purchasers costs.

VAT
All prices quoted are exclusive of VAT and VAT may be applicable at the prevailing rate.

 

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CONTACT DETAILS

Branch: Aberdeen
Phone no: 01224 594 172
Contact: Lisa Cowie
Contact email: Lisa.Cowie@dmhall.co.uk

We would like to keep you posted on future properties you may be interested in but in order to do so we require your permission: