Summary - FLAT B, 1, COLVILLE PLACE AB24 5LZ
1 bed 1 bath Flat
Small one-bed freehold with tenant in situ — immediate rental income opportunity.
Tenant in situ with steady rental history
Annual gross income approx £6,000 (current yield potential)
Compact 1-bed flat — approximately 420 sq ft
Freehold flat in period granite tenement
Private rear garden; on-street parking only
Located in a very deprived, student/commuter neighbourhood
Tenant intends to remain; vacant possession not guaranteed
Buyer’s premium applies to the sale
A compact one-bedroom flat in a traditional Aberdeen granite tenement, offered freehold and currently let. The property sits in a cosmopolitan, student-and-commuter neighbourhood and already produces rental income, making it a straightforward addition to a buy-to-let portfolio.
At approximately 420 sq ft the flat is small but practical: one bedroom, a lounge, kitchen and three-piece bathroom, plus a private rear garden for tenant use. The building presents typical period character externally and benefits from fast broadband and excellent mobile signal — useful for student or commuter renters.
Investment strengths are clear: a sitting tenant who has paid reliably, an annual gross rent of about £6,000 and a low asking price that gives an immediate yield for purchasers able to manage a small asset. On-street parking and proximity to local amenities add rental appeal.
Buyers should note material considerations: the accommodation is compact, located in a very deprived area which may limit capital growth, and the existing tenancy is not ending — the tenant intends to stay. A buyer’s premium will be applied on sale, and the flat is best-suited to investors or developers comfortable with small urban lets rather than an owner-occupier seeking long-term space.
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