Summary - 8 8 Seaton Place, Aberdeen, Aberdeenshire, AB24 AB24 1UZ
2 bed 2 bath Block of Apartments
City-centre freehold with steady income and short-term uplift potential.
Gross annual income £14,400 from two flats
This freehold portfolio comprises two city-centre flats on Seaton Place, currently let to long-term tenants and producing an annual gross income of £14,400. The properties sit within a traditional granite building close to transport links and local amenities, making them straightforward buy-to-let additions for a hands-on investor or small portfolio-holder.
Externally the stone façade is sound but shows cosmetic wear; the entrance and door would benefit from refurbishment to improve kerb appeal. Internal layouts are compact (two one-bedroom-style flats typical of the area) with limited external space. Broadband speeds are slow and the local area registers as very deprived — both factors to consider for future tenant mix and management plans.
The portfolio is sold with tenants in place, offering immediate rental income and reduced void risk. The sale mentions a Buyers Premium applies; review the Let Property Pack for tenancy terms, rent roll, and any management obligations before offer. This package suits investors seeking near-term yield and value-add potential through modest refurbishment or targeted upgrades.
Material positives: freehold ownership, central Aberdeen location, steady current income and long-term tenancies. Material drawbacks: cosmetic and entrance repairs needed, slow broadband, limited outdoor space, and the surrounding area’s high deprivation level — factor these into running costs and projected rental growth.
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