08 Feb 2016

Do you fancy living on Aberdeen's most famous street?

Do you fancy living on Aberdeen's most famous street?

 

It’s the beating heart of Aberdeen and has long been home to hundreds of shops, businesses, bars and restaurants.

However, parts of Union Street are now being redeveloped for residential use – allowing people to live on the city’s famous Granite Mile once again.

Two of the most recent blocks to be redeveloped have just been placed on the market for a combined total of £2.2million.

Regeneration plans

A 2013 report by report by academics at Robert Gordon University – drawn up after proposals to regenerate Union Terrace Gardens were rejected on cost grounds – suggested redeveloping buildings and encouraging more people to live on the street.

Its suggestions included reviewing the zoning and redeveloping the street to give prominence to pedestrian use, cyclists and public transport.

One property developer has invested significant capital into transforming two blocks either side of Union Street into flats.

'Fantastic' buy-to-let opportunity

All 13 properties across the two blocks are being sold through Aberdein Considine's flagship property centre on Union Street.

Prices range from one bedroom flats starting at £110,000 up to a three bedroom property at £240,000.

The first block, 255 Union Street, has six one and two bedroom flats with a combined value of £960,000.

The second block, 262 Union Street, has seven flats - including one with three bedrooms - marketed for a combined £1,245,000.

All are on the market individually, but the developer is willing to consider bids for the multiple flats or an entire block from buy-to-let investors.

Nikki Coutts, Union Street Branch Manager, said: "With the 3% buy-to-let tax increase due in April, there are a lot of landlords in the market at the moment. Clearly, this is a fantastic opportunity for them.

"However, these properties are priced very competitively and may individually appeal to first time buyers, whom we are currently offering 50% off their legal fees."

Get in touch

To speak to Nikki or a member of her team about the flats, call 01224 589589 or click here. For more details about our special offers for first time buyers, click here.


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