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
Type
Tenanted, Portfolio
Location
Aberdeen
GDV(Gross Development Value)
£ 530,000
Purchase Price
£ 405,000
Costs(Refurbishment & Fees)
£ 17,500
Total Cash Required
£ 139,000
Rent
£ 2,375
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
Rent March 2022: £2,540pcm
Rent March 2023: £2,975pcm
Rent September 2024: £3,475pcm