Immediate rental income in a central, value-add terrace location.
Long-term tenant in situ with regular rent payments stated
A compact studio/one-bedroom flat on Menzies Road, offered freehold with a long-term tenant in place. The property produces a stated annual gross income of £3,600, making it an immediate cashflow purchase for a buy-to-let portfolio. Its city-centre location in AB11 places it close to transport links and local amenities popular with students and renters.
The building is an early 20th-century stone terrace typical of Aberdeen; the façade and small communal front garden show signs of neglect and will need exterior and landscaping attention. Internally the flat is small (c.420 sq ft reported) and likely requires modernization to reach higher market rents—this is a clear value-add opportunity for an investor prepared to refurbish.
This sale is marketed as an investment. A long-term tenant currently resides in the flat and has been a reliable payer; they reportedly do not intend to vacate. Buyers should obtain the Let Property Pack and full tenancy documents to confirm rent, lease terms and tenant status before purchase. Expect straightforward management needs but allow for refurbishment costs and routine maintenance to improve yield.
Material drawbacks: the property sits within a very-deprived area and the immediate external condition is neglected. On-street parking only; no private garden. Prospective purchasers should budget for internal upgrades, external repairs and confirm legal/tenancy details prior to exchange.
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