![2019 After External Painting](/files/property/_big/1083/2019-After-External-Painting.jpg)
![2019 After External Painting](/files/property/_small/1083/2019-After-External-Painting.jpg)
![Castle St 1 1](/files/property/_small/1093/Castle-St-1-1.jpg)
![Castle St 1 2](/files/property/_small/1094/Castle-St-1-2.jpg)
![Castle St 1 4](/files/property/_small/1095/Castle-St-1-4.jpg)
![Castle St 1 9](/files/property/_small/1096/Castle-St-1-9.jpg)
![Castle St 2 3](/files/property/_small/1101/Castle-St-2-3.jpg)
![Castle St 2 5](/files/property/_small/1102/Castle-St-2-5.jpg)
![Castle St 3 3](/files/property/_small/1105/Castle-St-3-3.jpg)
![Castle St 3 4](/files/property/_small/1106/Castle-St-3-4.jpg)
![Castle St 4 1](/files/property/_small/1107/Castle-St-4-1.jpg)
![Castle St 4 5](/files/property/_small/1109/Castle-St-4-5.jpg)
![Castle St 4 6](/files/property/_small/1110/Castle-St-4-6.jpg)
![Castle St 5 1](/files/property/_small/1111/Castle-St-5-1.jpg)
![Castle St 5 3](/files/property/_small/1112/Castle-St-5-3.jpg)
![Castle St 5 4](/files/property/_small/1113/Castle-St-5-4.jpg)
![Flat F 1](/files/property/_small/1084/Flat-F-1.jpg)
![Flat F 2](/files/property/_small/1085/Flat-F-2.jpg)
![Flat F 6](/files/property/_small/1087/Flat-F-6.jpg)
Tenanted, Portfolio
6 Flats @ Castle Street, Aberdeen, AB11 5BQ
£530,000 GDV
Fully let block of 6 flats, had all been renovated less than 2 years prior.
Purchased in 2020. Acquisition funded by a private lender & a specialist lender.
RICS Valuation: £530,000
Purchase Price:…
Description
Fully let block of 6 flats, had all been renovated less than 2 years prior.
Purchased in 2020. Acquisition funded by a private lender & a specialist lender.
RICS Valuation: £530,000
Purchase Price: £405,000
Actual Rent at purchase: £2,375pcm
Market Rent at purchase: £2,700pcm
UPDATE 2 YEARS POST PURCHASE (March 2022)
4 of 6 flats still on original tenants. Other 2 re-let at market rate bringing rental income up to £2,540pcm.
UPDATE 3 YEARS POST PURCHASE (March 2023)
2 of 6 flats still on original tenants, both have had small rent increases. Significant increases in market rents in Aberdeen has resulted in block now achieving £2,975pcm (£600pcm higher than when the block was purchased 3 years prior). Still scope for further increases, particularly with the 2 flats on original tenants.