One-bedroom flat in central Aberdeen location

This tenanted buy-to-let investment opportunity is a good-sized one-bedroom flat currently let at £415 pcm, featuring a long-term tenant in situ since February 2018 with all payments up to date. The property is sold in excellent condition and is set in an easily lettable central location in Aberdeen, appealing to investors looking for an affordable property with capital growth potential. The accommodation comprises an entrance hall, an open-plan living room and kitchen area, a double bedroom, and a bathroom. The flat is tenanted unfurnished, has all certifications in place, and is professionally managed by a letting agent. It currently produces a gross annual rental of £4,980, representing a gross yield of 7.4% based on an opening bid price of £65,000, with rental potential of £425 to £450 per calendar month (£5,100 to £5,400 per annum, or 8.3% gross yield). Situated on Castle Street close to Union Street, the property benefits from a wide range of shopping facilities, pubs, clubs, restaurants, and leisure facilities on the doorstep, as well as excellent public transport links and arterial routes providing easy access to all parts of the city. Aberdeen, known as the Granite City for its enduring grey-stone buildings and home to the 19th-century Marischal College, offers an international population driven by the offshore petroleum industry and growing renewable energy sector.